Great Lakes Advisors LLC Sells 28,896 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Great Lakes Advisors LLC cut its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 50.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,253 shares of the business services provider's stock after selling 28,896 shares during the period. Great Lakes Advisors LLC owned about 0.15% of Huron Consulting Group worth $2,904,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HURN. Principal Securities Inc. acquired a new stake in shares of Huron Consulting Group during the fourth quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in shares of Huron Consulting Group during the fourth quarter worth about $42,000. Headlands Technologies LLC raised its position in shares of Huron Consulting Group by 2,020.0% in the fourth quarter. Headlands Technologies LLC now owns 954 shares of the business services provider's stock valued at $98,000 after buying an additional 909 shares during the last quarter. USA Financial Formulas lifted its stake in shares of Huron Consulting Group by 3,273.3% during the fourth quarter. USA Financial Formulas now owns 1,012 shares of the business services provider's stock valued at $104,000 after buying an additional 982 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in Huron Consulting Group during the fourth quarter worth approximately $175,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Trading Down 1.5 %

Shares of HURN traded down $1.29 during trading hours on Tuesday, hitting $85.42. The stock had a trading volume of 107,563 shares, compared to its average volume of 126,097. Huron Consulting Group Inc. has a 12-month low of $77.99 and a 12-month high of $113.31. The firm has a market cap of $1.54 billion, a P/E ratio of 24.62 and a beta of 0.59. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.40 and a current ratio of 2.40. The company's fifty day simple moving average is $92.07 and its 200 day simple moving average is $99.21.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.35. The company had revenue of $355.96 million for the quarter, compared to the consensus estimate of $348.80 million. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. Equities research analysts forecast that Huron Consulting Group Inc. will post 5.82 EPS for the current fiscal year.

Analysts Set New Price Targets

HURN has been the topic of a number of recent analyst reports. Barrington Research reissued an "outperform" rating and set a $133.00 price target on shares of Huron Consulting Group in a research note on Monday, May 6th. Benchmark reiterated a "buy" rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Monday, May 13th. StockNews.com cut Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 28th. Finally, Truist Financial reiterated a "buy" rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Thursday, May 16th.

Insiders Place Their Bets

In related news, Director James H. Roth sold 9,517 shares of Huron Consulting Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $99.28, for a total transaction of $944,847.76. Following the transaction, the director now owns 83,239 shares in the company, valued at approximately $8,263,967.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James H. Roth sold 9,517 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $99.28, for a total transaction of $944,847.76. Following the sale, the director now directly owns 83,239 shares in the company, valued at approximately $8,263,967.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Mccartney sold 300 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.13, for a total value of $29,439.00. Following the completion of the transaction, the director now owns 56,919 shares of the company's stock, valued at approximately $5,585,461.47. The disclosure for this sale can be found here. Insiders sold a total of 36,380 shares of company stock worth $3,548,734 over the last ninety days. 2.02% of the stock is owned by company insiders.

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.