Huron Consulting Group Inc. (NASDAQ:HURN) Stock Position Lessened by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,400 shares of the business services provider's stock after selling 10,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.59% of Huron Consulting Group worth $13,097,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Jennison Associates LLC lifted its stake in Huron Consulting Group by 4.8% in the fourth quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock worth $74,722,000 after acquiring an additional 27,329 shares during the period. Wellington Management Group LLP raised its holdings in Huron Consulting Group by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after purchasing an additional 4,946 shares in the last quarter. Sunriver Management LLC raised its holdings in Huron Consulting Group by 10.7% in the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock worth $60,465,000 after purchasing an additional 46,968 shares in the last quarter. Franklin Resources Inc. raised its holdings in Huron Consulting Group by 16.4% in the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock worth $57,240,000 after purchasing an additional 64,862 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Huron Consulting Group by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider's stock worth $31,931,000 after purchasing an additional 6,338 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HURN shares. Truist Financial increased their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Benchmark restated a "buy" rating and issued a $165.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Wall Street Zen lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Barrington Research increased their target price on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, Wedbush increased their target price on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $170.75.

Insider Activity at Huron Consulting Group

In related news, Director Joy Brown sold 668 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total transaction of $100,026.32. Following the sale, the director now owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the transaction, the chief executive officer now owns 81,118 shares in the company, valued at $11,835,927.38. This trade represents a 25.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,407 shares of company stock worth $9,393,827 over the last three months. 2.15% of the stock is currently owned by corporate insiders.

Huron Consulting Group Stock Down 9.1%

HURN stock traded down $14.00 during trading on Wednesday, hitting $139.61. 246,916 shares of the company's stock were exchanged, compared to its average volume of 151,876. The business has a 50-day moving average price of $144.08 and a two-hundred day moving average price of $134.21. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 30.33 and a beta of 0.23. Huron Consulting Group Inc. has a 52-week low of $85.35 and a 52-week high of $155.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.52. The firm had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 earnings per share. As a group, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current 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.