Redwood Grove Capital LLC Purchases Shares of 19,200 Huron Consulting Group Inc. $HURN

Key Points

• Redwood Grove Capital initiated a Huron Consulting Group position by purchasing 19,200 shares valued at approximately $1.73 million. Institutional investors collectively own 93.9% of Huron’s stock.
• Huron reported quarterly earnings of $2.46 per share, beating estimates of $2.17, while revenue reached $475.04 million, up 15.7% year over year. Management issued fiscal 2026 EPS guidance of $9.00–$9.40.
• Analyst sentiment remains positive, with the stock carrying an average “Buy” rating and a consensus price target of $184.25, although CEO C. Mark Hussey and another insider recently sold shares.

Redwood Grove Capital LLC purchased a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,200 shares of the business services provider's stock, valued at approximately $1,731,000. Huron Consulting Group makes up approximately 0.4% of Redwood Grove Capital LLC's portfolio, making the stock its 25th biggest position. Redwood Grove Capital LLC owned 0.12% of Huron Consulting Group at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Huron Consulting Group in the 2nd quarter valued at $125,191,000. Fiduciary Management Inc. WI acquired a new stake in Huron Consulting Group during the 4th quarter worth about $90,661,000. UBS Group AG lifted its position in Huron Consulting Group by 271.0% during the 4th quarter. UBS Group AG now owns 422,719 shares of the business services provider's stock worth $73,092,000 after acquiring an additional 308,770 shares during the period. William Blair Investment Management LLC purchased a new stake in Huron Consulting Group during the 2nd quarter valued at about $15,359,000. Finally, Principal Financial Group Inc. grew its stake in Huron Consulting Group by 51.8% during the 4th quarter. Principal Financial Group Inc. now owns 476,863 shares of the business services provider's stock valued at $82,454,000 after purchasing an additional 162,706 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $159.20 on Wednesday. The stock has a market cap of $2.53 billion, a PE ratio of 23.83 and a beta of 0.06. The business has a 50-day simple moving average of $124.46 and a 200-day simple moving average of $124.63. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.11. Huron Consulting Group Inc. has a 52-week low of $84.88 and a 52-week high of $186.77.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.17 by $0.29. The firm had revenue of $475.04 million for the quarter, compared to analyst estimates of $448.98 million. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%.Huron Consulting Group's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. On average, equities analysts expect that Huron Consulting Group Inc. will post 9.18 EPS for the current year.

Insider Activity at Huron Consulting Group

In related news, insider Kyle Featherstone sold 459 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $152.67, for a total value of $70,075.53. Following the completion of the transaction, the insider directly owned 1,050 shares in the company, valued at $160,303.50. The trade was a 30.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C. Mark Hussey sold 24,072 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the sale, the chief executive officer directly owned 74,399 shares in the company, valued at $12,319,730.41. This trade represents a 24.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HURN shares. Weiss Ratings restated a "hold (c)" rating on shares of Huron Consulting Group in a research note on Friday, August 7th. Barrington Research reiterated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, June 17th. Wedbush reissued an "outperform" rating and set a $160.00 price target on shares of Huron Consulting Group in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Zacks Research raised shares of Huron Consulting Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $184.25.

Huron Consulting Group Company Profile

Huron Consulting Group NASDAQ: HURN is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron's consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron's service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.

Want to see what other hedge funds are holding HURN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huron Consulting Group Inc. (NASDAQ:HURN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source