UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Holdings in Huron Consulting Group Inc. $HURN

Key Points

• UBS AM significantly increased its stake in Huron Consulting Group by 149.7% during the first quarter, owning over 1.19 million shares valued at approximately $172 million.
• Wall Street analysts have mixed ratings for HURN, with Barrington Research raising the target price to $176, while Wall Street Zen downgraded it to a "hold" rating.
• Huron Consulting Group reported earnings per share of $1.89 for the last quarter, exceeding estimates and showing an 8.3% increase in revenue compared to the previous year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 149.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,199,574 shares of the business services provider's stock after purchasing an additional 719,199 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 6.95% of Huron Consulting Group worth $172,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HURN. Nuveen LLC purchased a new position in Huron Consulting Group in the 1st quarter valued at about $38,511,000. Driehaus Capital Management LLC acquired a new position in shares of Huron Consulting Group during the first quarter valued at approximately $13,822,000. Algert Global LLC raised its holdings in shares of Huron Consulting Group by 657.0% during the first quarter. Algert Global LLC now owns 80,965 shares of the business services provider's stock valued at $11,614,000 after acquiring an additional 70,270 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Huron Consulting Group by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider's stock valued at $28,538,000 after acquiring an additional 68,891 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Huron Consulting Group by 234.6% in the first quarter. Trexquant Investment LP now owns 67,219 shares of the business services provider's stock worth $9,643,000 after acquiring an additional 47,128 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research upped their target price on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $171.50.

Insider Activity

In related news, Director John Mccartney sold 500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $136.21, for a total transaction of $68,105.00. Following the completion of the sale, the director directly owned 50,817 shares in the company, valued at approximately $6,921,783.57. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $137.51, for a total transaction of $275,020.00. Following the completion of the sale, the director directly owned 41,304 shares of the company's stock, valued at approximately $5,679,713.04. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,211 shares of company stock worth $967,191. Company insiders own 2.15% of the company's stock.

Huron Consulting Group Trading Down 0.8%

Huron Consulting Group stock traded down $1.18 during trading on Friday, reaching $140.70. 93,326 shares of the company were exchanged, compared to its average volume of 183,033. Huron Consulting Group Inc. has a 52-week low of $102.94 and a 52-week high of $155.00. The company has a market capitalization of $2.44 billion, a P/E ratio of 24.55 and a beta of 0.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99. The stock's 50 day simple moving average is $134.60 and its two-hundred day simple moving average is $139.94.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The company had revenue of $402.50 million during the quarter, compared to analysts' expectations of $402.67 million. During the same period in the prior year, the business earned $1.68 EPS. The firm's quarterly revenue 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. On average, equities research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal 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.