Huron Consulting Group Inc. (NASDAQ:HURN) Short Interest Up 25.8% in April

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 607,700 shares, an increase of 25.8% from the March 31st total of 483,000 shares. Based on an average daily trading volume, of 228,600 shares, the short-interest ratio is currently 2.7 days. Currently, 3.5% of the company's shares are short sold.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $125.15, for a total value of $130,406.30. Following the transaction, the director now directly owns 24,672 shares of the company's stock, valued at approximately $3,087,700.80. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Mccartney sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the transaction, the director now owns 55,688 shares in the company, valued at $8,416,127.44. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,781 shares of company stock worth $11,484,452 over the last quarter. Company insiders own 2.15% of the company's stock.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in Huron Consulting Group by 4.8% during 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 stake in shares of Huron Consulting Group by 0.9% during the 4th 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 during the period. Sunriver Management LLC boosted its holdings in shares of Huron Consulting Group by 10.7% in the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock worth $60,465,000 after buying an additional 46,968 shares during the last quarter. Franklin Resources Inc. grew its position in Huron Consulting Group by 16.4% during the fourth quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider's stock valued at $57,240,000 after buying an additional 64,862 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Huron Consulting Group by 4.7% during the third quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock worth $41,308,000 after buying an additional 17,146 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Stock Up 4.6 %

Shares of NASDAQ:HURN traded up $6.44 during mid-day trading on Friday, hitting $147.36. 341,310 shares of the company traded hands, compared to its average volume of 147,810. The stock has a 50-day moving average price of $143.09 and a two-hundred day moving average price of $129.80. Huron Consulting Group has a 12-month low of $84.87 and a 12-month high of $153.85. The stock has a market cap of $2.64 billion, a P/E ratio of 32.03 and a beta of 0.37. 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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $404.14 million during the quarter, compared to analyst estimates of $389.27 million. During the same quarter in the prior year, the business posted $1.23 EPS. The business's revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that Huron Consulting Group will post 6.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HURN shares. Barrington Research reaffirmed an "outperform" rating and issued a $167.00 price target on shares of Huron Consulting Group in a research note on Thursday, March 27th. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Truist Financial raised their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Wedbush increased their target price on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Finally, StockNews.com lowered shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Huron Consulting Group currently has an average rating of "Moderate Buy" and an average price target of $169.25.

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.

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