Freestone Grove Partners LP Makes New Investment in Huron Consulting Group Inc. (NASDAQ:HURN)

Freestone Grove Partners LP bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,680 shares of the business services provider's stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Huron Consulting Group in the 4th quarter valued at about $33,000. Tower Research Capital LLC TRC increased its stake in 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. Xponance Inc. purchased a new stake in Huron Consulting Group in the 4th quarter worth approximately $204,000. Cibc World Markets Corp acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at $204,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Huron Consulting Group during the 4th quarter valued at $209,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Insider Buying and Selling at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $142.67, for a total value of $71,335.00. Following the completion of the sale, the director now directly owns 52,121 shares of the company's stock, valued at approximately $7,436,103.07. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Roth sold 8,641 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total transaction of $1,230,305.58. Following the transaction, the director now directly owns 47,638 shares in the company, valued at $6,782,698.44. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,739 shares of company stock valued at $11,354,046 in the last 90 days. 2.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HURN. Wedbush raised their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. 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 research note on Tuesday, March 4th. Barrington Research reaffirmed an "outperform" rating and issued a $167.00 price objective on shares of Huron Consulting Group in a research note on Thursday, March 27th. Finally, StockNews.com lowered Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $169.25.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock opened at $147.36 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $143.09 and a 200-day simple moving average of $129.95. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 32.03 and a beta of 0.37. Huron Consulting Group Inc. has a 1-year low of $84.87 and a 1-year high of $153.85.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its 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. The firm had revenue of $404.14 million during the quarter, compared to analyst estimates of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business's revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. On average, sell-side analysts expect 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.

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