Lisanti Capital Growth LLC Makes New Investment in Huron Consulting Group Inc. (NASDAQ:HURN)

Lisanti Capital Growth LLC bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,250 shares of the business services provider's stock, valued at approximately $4,626,000. Huron Consulting Group makes up approximately 1.4% of Lisanti Capital Growth LLC's portfolio, making the stock its 24th largest position. Lisanti Capital Growth LLC owned about 0.18% of Huron Consulting Group at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HURN. Summit Investment Advisors Inc. raised its stake in shares of Huron Consulting Group by 5.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider's stock worth $228,000 after purchasing an additional 96 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Huron Consulting Group by 3.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock worth $502,000 after buying an additional 121 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Huron Consulting Group by 27.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after acquiring an additional 122 shares during the period. Hillsdale Investment Management Inc. raised its position in Huron Consulting Group by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 34,060 shares of the business services provider's stock worth $4,232,000 after acquiring an additional 160 shares during the period. Finally, Keybank National Association OH boosted its stake in Huron Consulting Group by 4.2% in the fourth quarter. Keybank National Association OH now owns 4,120 shares of the business services provider's stock valued at $512,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Barrington Research upped their price target on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Benchmark reiterated a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Wedbush upped their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $170.75.

Huron Consulting Group Stock Performance

HURN stock traded down $0.26 during midday trading on Tuesday, reaching $137.28. 183,442 shares of the company's stock traded hands, compared to its average volume of 154,699. The firm has a market capitalization of $2.37 billion, a PE ratio of 20.58 and a beta of 0.28. The company has a 50-day moving average price of $142.12 and a two-hundred day moving average price of $136.74. Huron Consulting Group Inc. has a 52 week low of $96.45 and a 52 week high of $155.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a return on equity of 24.68% and a net margin of 7.88%. The company had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. During the same period in the previous year, the business earned $1.23 earnings per share. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Activity

In related news, Director John Mccartney sold 500 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $133.63, for a total transaction of $66,815.00. Following the sale, the director owned 51,621 shares of the company's stock, valued at approximately $6,898,114.23. This represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joy Brown sold 668 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total transaction of $100,026.32. Following the completion of the sale, the director owned 8,896 shares in the company, valued at $1,332,087.04. This represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.15% of the stock is owned by company insiders.

About Huron Consulting Group

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.