Millennium Management LLC Acquires 34,353 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Millennium Management LLC boosted its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 58.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,872 shares of the business services provider's stock after buying an additional 34,353 shares during the quarter. Millennium Management LLC owned approximately 0.52% of Huron Consulting Group worth $11,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Huron Consulting Group by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,995 shares of the business services provider's stock worth $1,242,000 after buying an additional 392 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Huron Consulting Group by 9.6% during the 4th quarter. Lazard Asset Management LLC now owns 13,260 shares of the business services provider's stock valued at $1,647,000 after purchasing an additional 1,165 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Huron Consulting Group during the 4th quarter valued at $213,000. Clark Capital Management Group Inc. raised its holdings in shares of Huron Consulting Group by 42.5% during the 4th quarter. Clark Capital Management Group Inc. now owns 55,845 shares of the business services provider's stock valued at $6,939,000 after purchasing an additional 16,660 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Huron Consulting Group by 7.6% during the 4th quarter. Cetera Investment Advisers now owns 3,021 shares of the business services provider's stock valued at $375,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Stock Performance

NASDAQ:HURN traded up $1.67 during midday trading on Thursday, reaching $140.90. The stock had a trading volume of 81,495 shares, compared to its average volume of 153,189. Huron Consulting Group Inc. has a 1-year low of $85.35 and a 1-year high of $155.00. The firm's fifty day simple moving average is $144.05 and its 200-day simple moving average is $134.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $2.43 billion, a P/E ratio of 30.44 and a beta of 0.23.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $404.14 million for the quarter, compared to analyst estimates of $389.27 million. During the same period last year, the business posted $1.23 EPS. Huron Consulting Group's revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on HURN. Wedbush raised their price target 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. Barrington Research raised their price target on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Truist Financial raised their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Benchmark restated a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a report on Wednesday, March 26th. Finally, Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $170.75.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $151.13, for a total value of $75,565.00. Following the sale, the director now directly owns 55,688 shares in the company, valued at $8,416,127.44. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joy Brown sold 668 shares of the firm's stock in a transaction 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 now owns 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. In the last three months, insiders have sold 64,407 shares of company stock worth $9,393,827. 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.