2,571 Shares in Huron Consulting Group Inc. $HURN Acquired by Lifestyle Asset Management Inc.

Key Points

• Lifestyle Asset Management Inc. recently acquired a new position in Huron Consulting Group Inc. by purchasing 2,571 shares valued at approximately $354,000.
• Huron Consulting Group reported a quarterly EPS of $1.89, surpassing analysts' estimates, with revenue of $402.50 million, reflecting an 8.3% year-over-year increase.
• Wall Street analysts have mixed ratings for Huron Consulting Group, with one firm lowering its rating to "hold", while others maintain a "buy" rating with an average price target of $171.50.

Lifestyle Asset Management Inc. acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,571 shares of the business services provider's stock, valued at approximately $354,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Huron Consulting Group in the first quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group during the fourth quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of Huron Consulting Group in the first quarter worth $35,000. CWM LLC grew its holdings in shares of Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after acquiring an additional 146 shares in the last quarter. Finally, Vestcor Inc bought a new stake in shares of Huron Consulting Group in the 1st quarter valued at approximately $60,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock traded down $1.84 during trading hours on Friday, reaching $141.84. The company had a trading volume of 154,494 shares, compared to its average volume of 186,723. The business has a fifty day simple moving average of $135.18 and a 200 day simple moving average of $139.81. Huron Consulting Group Inc. has a one year low of $102.94 and a one year high of $155.00. The firm has a market cap of $2.46 billion, a PE ratio of 24.75 and a beta of 0.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.10. The company had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. Huron Consulting Group's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HURN shares. Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research boosted their target price on Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $171.50.

Insider Transactions at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $142,209.60. Following the sale, the director directly owned 8,162 shares in the company, valued at approximately $1,116,071.88. This represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kyle Featherstone sold 375 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the sale, the insider directly owned 1,311 shares of the company's stock, valued at approximately $177,942.03. This represents a 22.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,211 shares of company stock worth $967,191. 2.15% of the stock is owned by insiders.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.