Two Sigma Investments LP Sells 9,414 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Two Sigma Investments LP cut its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,959 shares of the business services provider's stock after selling 9,414 shares during the period. Two Sigma Investments LP owned approximately 0.43% of Huron Consulting Group worth $9,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in Huron Consulting Group during the 4th quarter worth about $348,000. ProShare Advisors LLC boosted its holdings in shares of Huron Consulting Group by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 4,947 shares of the business services provider's stock worth $615,000 after buying an additional 1,627 shares during the period. Man Group plc increased its position in shares of Huron Consulting Group by 25.4% in the fourth quarter. Man Group plc now owns 2,802 shares of the business services provider's stock worth $348,000 after acquiring an additional 568 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Huron Consulting Group by 58.7% during the fourth quarter. Millennium Management LLC now owns 92,872 shares of the business services provider's stock valued at $11,540,000 after acquiring an additional 34,353 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Huron Consulting Group by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,995 shares of the business services provider's stock valued at $1,242,000 after acquiring an additional 392 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total transaction of $100,026.32. Following the completion of the sale, the director now directly owns 8,896 shares in the company, valued at $1,332,087.04. This 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, Director John Mccartney sold 500 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $151.13, for a total value of $75,565.00. Following the completion of the sale, the director now directly owns 55,688 shares in the company, valued at approximately $8,416,127.44. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,407 shares of company stock valued at $9,393,827 over the last 90 days. 2.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HURN has been the topic of several research analyst reports. Wall Street Zen cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Barrington Research boosted their price objective 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. Wedbush upped their price objective on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Benchmark reissued a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Truist Financial boosted their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $170.75.

Huron Consulting Group Stock Up 0.4%

Shares of HURN stock traded up $0.52 on Friday, hitting $142.20. The company's stock had a trading volume of 34,721 shares, compared to its average volume of 153,851. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 30.98 and a beta of 0.23. Huron Consulting Group Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $155.00. The firm's fifty day moving average price is $144.03 and its 200-day moving average price is $134.33. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.52. The company had revenue of $404.14 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 EPS. Research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.