Huron Consulting Group (NASDAQ:HURN) Stock Rating Upgraded by TheStreet

Huron Consulting Group (NASDAQ:HURN – Get Rating) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a report released on Thursday, TheStreetRatingsTable reports.

Several other research analysts also recently weighed in on HURN. Zacks Investment Research upgraded Huron Consulting Group from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, February 28th. Barrington Research upped their target price on Huron Consulting Group from $67.00 to $72.00 in a research note on Tuesday, April 5th. Finally, StockNews.com started coverage on Huron Consulting Group in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.

Shares of Huron Consulting Group stock opened at $53.86 on Thursday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 18.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $48.00 and a 200-day moving average price of $48.47. Huron Consulting Group has a one year low of $42.66 and a one year high of $59.09.

Huron Consulting Group (NASDAQ:HURN – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. The company had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $235.85 million. Huron Consulting Group had a return on equity of 10.41% and a net margin of 6.80%. Huron Consulting Group’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. Sell-side analysts predict that Huron Consulting Group will post 3.04 earnings per share for the current fiscal year.

In related news, CEO James H. Roth sold 16,000 shares of the business’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $46.22, for a total value of $739,520.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James H. Roth sold 4,661 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $43.60, for a total value of $203,219.60. The disclosure for this sale can be found here. Insiders sold 27,105 shares of company stock valued at $1,255,126 over the last ninety days. Insiders own 2.02% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Rice Hall James & Associates LLC lifted its stake in shares of Huron Consulting Group by 17.9% during the 3rd quarter. Rice Hall James & Associates LLC now owns 70,477 shares of the business services provider’s stock worth $3,665,000 after purchasing an additional 10,690 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Huron Consulting Group by 13.8% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 28,979 shares of the business services provider’s stock worth $1,507,000 after acquiring an additional 3,513 shares during the period. Marshall Wace LLP purchased a new position in Huron Consulting Group in the 3rd quarter worth approximately $5,639,000. Essex Investment Management Co. LLC acquired a new position in shares of Huron Consulting Group in the 3rd quarter valued at approximately $1,389,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Huron Consulting Group by 115.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 72,569 shares of the business services provider’s stock valued at $3,773,000 after purchasing an additional 38,884 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

About Huron Consulting Group (Get Rating)

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans.

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