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

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) was the recipient of a significant increase in short interest during 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. Approximately 3.5% of the shares of the company are sold short. Based on an average daily volume of 228,600 shares, the short-interest ratio is presently 2.7 days.

Huron Consulting Group Trading Up 1.3 %

Shares of NASDAQ:HURN traded up $1.91 on Thursday, reaching $152.70. 31,488 shares of the company traded hands, compared to its average volume of 148,538. The business's 50-day simple moving average is $143.06 and its 200 day simple moving average is $130.51. Huron Consulting Group has a 52 week low of $84.87 and a 52 week high of $154.31. The stock has a market capitalization of $2.63 billion, a P/E ratio of 33.20 and a beta of 0.23. 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 issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.52. The company had revenue of $404.14 million during the quarter, compared to analysts' expectations of $389.27 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Huron Consulting Group's revenue was up 11.2% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. As a group, equities analysts anticipate that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 27,672 shares of the business's 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 transaction, the chief executive officer now owns 81,118 shares of the company's stock, valued at approximately $11,835,927.38. The trade was a 25.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mccartney sold 500 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $133.63, for a total transaction of $66,815.00. Following the completion of the sale, the director now owns 51,621 shares in the company, valued at approximately $6,898,114.23. The trade was a 0.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,239 shares of company stock worth $11,168,801 over the last 90 days. Insiders own 2.15% of the company's stock.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HURN. Jennison Associates LLC lifted its stake in shares of Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock valued at $74,722,000 after buying an additional 27,329 shares in the last quarter. Wellington Management Group LLP increased its stake in Huron Consulting Group by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider's stock worth $67,503,000 after acquiring an additional 4,946 shares during the last quarter. Sunriver Management LLC grew its holdings in Huron Consulting Group by 10.7% during the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider's stock valued at $60,465,000 after purchasing an additional 46,968 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Huron Consulting Group by 16.4% during the 4th 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 in the last quarter. 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 valued at $41,308,000 after buying an additional 17,146 shares during the period. Institutional investors own 93.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com cut Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Benchmark restated a "buy" rating and set a $165.00 price objective 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 company a "buy" rating in a report on Tuesday, March 4th. Wedbush boosted their price target on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Finally, Barrington Research increased their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Huron Consulting Group currently has a consensus rating of "Moderate Buy" and an average price target of $170.75.

About Huron Consulting Group

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.