Sunriver Management LLC Has $49.05 Million Stock Position in Huron Consulting Group Inc. $HURN

Key Points

• Sunriver Management LLC has reduced its holdings in Huron Consulting Group Inc. by 29.7%, selling 144,689 shares and retaining 341,908 shares.
• Huron Consulting Group's stock has increased by 2.5%, with a current market capitalization of $2.40 billion and a 52-week trading range of $102.58 to $155.00.
• The company reported earnings of $1.89 per share, surpassing analysts' expectations and showing an 8.3% revenue growth year-over-year for the quarter.

Sunriver Management LLC lowered its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 29.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,908 shares of the business services provider's stock after selling 144,689 shares during the period. Huron Consulting Group makes up 6.1% of Sunriver Management LLC's portfolio, making the stock its 4th biggest position. Sunriver Management LLC owned about 1.98% of Huron Consulting Group worth $49,047,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HURN. Wellington Management Group LLP boosted its position in Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after acquiring an additional 4,946 shares during the period. Invesco Ltd. grew its position in Huron Consulting Group by 7.9% in the first quarter. Invesco Ltd. now owns 282,017 shares of the business services provider's stock worth $40,455,000 after acquiring an additional 20,680 shares in the last quarter. Nuveen LLC bought a new position in shares of Huron Consulting Group in the first quarter valued at approximately $38,511,000. Northern Trust Corp boosted its position in shares of Huron Consulting Group by 10.0% in the fourth quarter. Northern Trust Corp now owns 256,895 shares of the business services provider's stock valued at $31,922,000 after acquiring an additional 23,392 shares during the period. Finally, Neumeier Poma Investment Counsel LLC increased its position in Huron Consulting Group by 0.7% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider's stock worth $35,047,000 after acquiring an additional 1,760 shares during the period. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Transactions at Huron Consulting Group

In other news, insider Kyle Featherstone sold 375 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $135.73, for a total value of $50,898.75. Following the transaction, the insider owned 1,311 shares in the company, valued at $177,942.03. This trade represents a 22.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the firm's stock in a transaction that occurred 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 owned 8,162 shares in the company, valued at $1,116,071.88. This represents a 11.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,711 shares of company stock worth $624,066. Insiders own 2.15% of the company's stock.

Huron Consulting Group Trading Up 1.4%

HURN traded up $1.92 during trading on Friday, reaching $137.26. 60,931 shares of the company's stock were exchanged, compared to its average volume of 204,026. Huron Consulting Group Inc. has a one year low of $102.58 and a one year 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 capitalization of $2.38 billion, a PE ratio of 23.95 and a beta of 0.26. The firm has a fifty day moving average price of $133.85 and a two-hundred day moving average price of $139.20.

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 earnings per share (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 25.52%. The firm had revenue of $402.50 million during the quarter, compared to analyst estimates of $402.67 million. During the same quarter last year, the business earned $1.68 EPS. The company's revenue was up 8.3% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

HURN has been the subject of several research analyst reports. Barrington Research boosted their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Huron Consulting Group currently has a consensus rating of "Buy" and a consensus target price of $171.50.

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.