Picton Mahoney Asset Management Has $1.14 Million Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Picton Mahoney Asset Management raised its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 71,800.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,909 shares of the business services provider's stock after acquiring an additional 7,898 shares during the quarter. Picton Mahoney Asset Management's holdings in Huron Consulting Group were worth $1,135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Huron Consulting Group in the 4th quarter worth $1,301,000. KLP Kapitalforvaltning AS acquired a new position in Huron Consulting Group in the fourth quarter valued at about $733,000. LPL Financial LLC lifted its stake in Huron Consulting Group by 53.4% in the fourth quarter. LPL Financial LLC now owns 3,843 shares of the business services provider's stock valued at $478,000 after buying an additional 1,338 shares during the period. JPMorgan Chase & Co. boosted its holdings in Huron Consulting Group by 29.6% during the fourth quarter. JPMorgan Chase & Co. now owns 101,041 shares of the business services provider's stock worth $12,555,000 after buying an additional 23,059 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Huron Consulting Group during the 4th quarter worth about $7,427,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Buying and Selling

In related news, Director H Eugene Lockhart sold 1,040 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the transaction, the director directly owned 8,162 shares of the company's stock, valued at approximately $1,116,071.88. This represents a 11.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mccartney sold 500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $68,370.00. Following the transaction, the director owned 51,817 shares of the company's stock, valued at approximately $7,085,456.58. This trade represents a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,208 shares of company stock worth $310,606 over the last ninety days. Company insiders own 2.15% of the company's stock.

Huron Consulting Group Stock Down 7.6%

Shares of NASDAQ HURN traded down $10.10 during mid-day trading on Friday, reaching $121.98. 502,393 shares of the company's stock were exchanged, compared to its average volume of 152,043. Huron Consulting Group Inc. has a twelve month low of $101.73 and a twelve month high of $155.00. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 21.29 and a beta of 0.26. The business has a fifty day simple moving average of $136.45 and a 200 day simple moving average of $138.40.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a net margin of 6.60% and a return on equity of 24.90%. The firm had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. During the same period last year, the company posted $1.68 EPS. The business's quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

HURN has been the topic of a number of analyst reports. Barrington Research increased their price target on shares of Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $170.75.

Huron Consulting Group 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.