Huron Consulting Group Inc. $HURN Stock Holdings Boosted by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Huron Consulting Group Inc. by 234.6%, acquiring a total of 67,219 shares valued at approximately $9.6 million.
• Despite this growth, a significant number of insiders, including Director H Eugene Lockhart, have sold shares recently, decreasing their positions in the company.
• Huron Consulting Group's stock opened at $136.96 and has a market cap of $2.37 billion, with a consensus rating of "Buy" and a price target of $171.50 from analysts.

Trexquant Investment LP raised its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 234.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,219 shares of the business services provider's stock after buying an additional 47,128 shares during the quarter. Trexquant Investment LP owned 0.39% of Huron Consulting Group worth $9,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of Huron Consulting Group during the fourth quarter valued at $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Huron Consulting Group during the 1st quarter worth approximately $35,000. CWM LLC boosted its position in Huron Consulting Group by 55.9% during the first quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after purchasing an additional 146 shares during the period. Vestcor Inc bought a new stake in shares of Huron Consulting Group during the first quarter worth approximately $60,000. Finally, Tower Research Capital LLC TRC grew its position in shares of 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. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Stock Up 5.5%

Shares of Huron Consulting Group stock traded up $7.57 during trading on Thursday, reaching $145.52. The company's stock had a trading volume of 91,251 shares, compared to its average volume of 204,494. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The company has a 50-day simple moving average of $134.17 and a two-hundred day simple moving average of $139.43. Huron Consulting Group Inc. has a 1-year low of $102.58 and a 1-year high of $155.00. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 25.20 and a beta of 0.32.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its 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 business had revenue of $402.50 million for the quarter, compared to analyst estimates of $402.67 million. During the same period in the prior year, the company posted $1.68 EPS. The company's revenue for the quarter was up 8.3% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. As a group, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director John Mccartney sold 500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $129.11, for a total transaction of $64,555.00. Following the completion of the sale, the director owned 51,317 shares in the company, valued at approximately $6,625,537.87. The trade was a 0.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kyle Featherstone sold 375 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the transaction, the insider directly owned 1,311 shares of the company's stock, valued at $177,942.03. This represents a 22.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,711 shares of company stock valued at $624,066 in the last 90 days. Company insiders own 2.15% of the company's stock.

About Huron Consulting Group

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.