Mutual of America Capital Management LLC Cuts Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Key Points

• Mutual of America Capital Management LLC reduced its holdings in Huron Consulting Group by 29.6%, ending the first quarter with about 40,814 shares valued at $5.85 million.
• Analysts have mixed ratings for Huron Consulting Group, with Barrington Research raising their price target to $176.00 while Wall Street Zen downgraded the stock from a "buy" to a "hold" rating.
• Huron Consulting Group reported a quarterly EPS of $1.89, surpassing analyst estimates, with revenue of $402.5 million, reflecting an 8.3% increase compared to the previous year.

Mutual of America Capital Management LLC trimmed its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 29.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,814 shares of the business services provider's stock after selling 17,129 shares during the period. Mutual of America Capital Management LLC owned about 0.24% of Huron Consulting Group worth $5,855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Huron Consulting Group during the 1st quarter valued at approximately $35,000. Heck Capital Advisors LLC purchased a new stake in shares of Huron Consulting Group during the fourth quarter worth $33,000. Tower Research Capital LLC TRC grew its position in shares of 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 valued at $71,000 after purchasing an additional 122 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Huron Consulting Group during the 1st quarter valued at $114,000. Finally, KBC Group NV purchased a new stake in Huron Consulting Group during the 1st quarter worth about $128,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HURN has been the topic of a number of recent analyst reports. Barrington Research increased their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Huron Consulting Group has an average rating of "Moderate Buy" and an average price target of $171.50.

Insider Activity at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,040 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the transaction, the director directly owned 8,162 shares of the company's stock, valued at approximately $1,116,071.88. This trade represents a 11.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joy Brown sold 668 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total value of $100,026.32. Following the completion of the sale, the director owned 8,896 shares of the company's stock, valued at $1,332,087.04. The trade was a 6.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,708 shares of company stock valued at $375,161 over the last 90 days. 2.15% of the stock is owned by insiders.

Huron Consulting Group Stock Up 2.2%

HURN stock opened at $131.73 on Friday. The company's 50 day moving average is $135.08 and its 200 day moving average is $138.37. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 22.99 and a beta of 0.26. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. Huron Consulting Group Inc. has a 1-year low of $101.84 and a 1-year high of $155.00.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. The business had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 EPS. Sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

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.

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