Mutual of America Capital Management LLC Has $5.86 Million 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 lowered its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 29.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,814 shares of the business services provider's stock after selling 17,129 shares during the quarter. 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.

A number of other large investors also recently made changes to their positions in HURN. Summit Investment Advisors Inc. increased its holdings in 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Huron Consulting Group by 3.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider's stock worth $502,000 after purchasing an additional 121 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after purchasing an additional 122 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Huron Consulting Group by 15.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the business services provider's stock worth $157,000 after purchasing an additional 148 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in 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 worth $375,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Activity

In related news, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $128.98, for a total value of $257,960.00. Following the completion of the sale, the director directly owned 43,304 shares in the company, valued at approximately $5,585,349.92. This trade represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joy Brown sold 668 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were 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 of the company's stock, valued at $1,332,087.04. This trade represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,708 shares of company stock valued at $633,121. Company insiders own 2.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HURN shares. Barrington Research increased their target price on 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 Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Huron Consulting Group presently has an average rating of "Moderate Buy" and an average target price of $171.50.

Huron Consulting Group Stock Down 0.6%

Shares of Huron Consulting Group stock traded down $0.86 during trading hours on Monday, reaching $132.15. 43,324 shares of the company's stock were exchanged, compared to its average volume of 204,269. The company has a 50 day moving average of $134.86 and a two-hundred day moving average of $138.56. Huron Consulting Group Inc. has a fifty-two week low of $102.50 and a fifty-two week high of $155.00. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. The stock has a market cap of $2.29 billion, a P/E ratio of 23.17 and a beta of 0.26.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data 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. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The company had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. During the same period in the prior year, the business posted $1.68 EPS. The company's quarterly revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts forecast 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.