Freestone Grove Partners LP Buys Shares of 2,680 Huron Consulting Group Inc. (NASDAQ:HURN)

Freestone Grove Partners LP bought a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,680 shares of the business services provider's stock, valued at approximately $333,000.

A number of other hedge funds have also added to or reduced their stakes in HURN. Dakota Wealth Management increased its stake in shares of Huron Consulting Group by 4.0% in the 4th quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider's stock valued at $280,000 after acquiring an additional 87 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Huron Consulting Group by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider's stock valued at $228,000 after purchasing an additional 96 shares in the last quarter. Andina Capital Management LLC boosted its position in shares of Huron Consulting Group by 3.4% during the 4th quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider's stock worth $410,000 after purchasing an additional 107 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after buying an additional 122 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in Huron Consulting Group by 0.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 34,060 shares of the business services provider's stock valued at $4,232,000 after buying an additional 160 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on HURN. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, March 26th. Wedbush raised their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. Truist Financial boosted their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Barrington Research raised their target price on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, StockNews.com cut Huron Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $170.75.

Insider Buying and Selling at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 12,500 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the director now directly owns 12,172 shares in the company, valued at $1,825,800. This represents a 50.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $4,037,621.52. Following the completion of the sale, the chief executive officer now directly owns 81,118 shares in the company, valued at approximately $11,835,927.38. The trade was 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 76,239 shares of company stock worth $11,168,801 over the last ninety days. 2.15% of the stock is currently owned by company insiders.

Huron Consulting Group Stock Performance

Shares of HURN stock traded down $1.80 during trading on Friday, hitting $150.46. The company's stock had a trading volume of 185,879 shares, compared to its average volume of 148,779. The business has a fifty day moving average of $143.19 and a 200-day moving average of $131.28. 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 Inc. has a 52 week low of $84.87 and a 52 week high of $154.83. The company has a market cap of $2.60 billion, a PE ratio of 32.71 and a beta of 0.23.

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