Huron Consulting Group Inc. (NASDAQ:HURN) Sees Large Decrease in Short Interest

Posted by Defense World Staff on Jan 23rd, 2023

Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) was the recipient of a large decrease in short interest during the month of December. As of December 30th, there was short interest totalling 239,200 shares, a decrease of 5.6% from the December 15th total of 253,400 shares. Based on an average daily volume of 107,700 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.2% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts recently issued reports on HURN shares. Barrington Research lifted their price target on shares of Huron Consulting Group from $80.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. StockNews.com initiated coverage on shares of Huron Consulting Group in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $68.77 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $73.48 and its 200 day simple moving average is $70.11. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.22 and a beta of 0.59. Huron Consulting Group has a twelve month low of $42.66 and a twelve month high of $80.72.

Huron Consulting Group (NASDAQ:HURN – Get Rating) last posted its earnings results on Tuesday, November 1st. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.99 by $0.02. Huron Consulting Group had a return on equity of 11.50% and a net margin of 8.15%. The firm had revenue of $285.37 million for the quarter, compared to analysts’ expectations of $266.79 million. As a group, equities research analysts expect that Huron Consulting Group will post 3.3 earnings per share for the current fiscal year.

Insider Activity at Huron Consulting Group

In related news, Director Hugh E. Sawyer III sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $76.00, for a total transaction of $190,000.00. Following the completion of the sale, the director now directly owns 25,736 shares in the company, valued at $1,955,936. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 5,282 shares of company stock valued at $400,576. 2.02% of the stock is owned by insiders.

Institutional Trading of Huron Consulting Group

A number of hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of Huron Consulting Group in the third quarter worth $32,000. US Bancorp DE lifted its holdings in shares of Huron Consulting Group by 236.1% during the second quarter. US Bancorp DE now owns 1,126 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 791 shares during the period. Barclays PLC lifted its holdings in shares of Huron Consulting Group by 21.4% during the third quarter. Barclays PLC now owns 1,281 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 226 shares during the period. Huntington National Bank lifted its holdings in shares of Huron Consulting Group by 32.3% during the third quarter. Huntington National Bank now owns 1,469 shares of the business services provider’s stock valued at $97,000 after acquiring an additional 359 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Huron Consulting Group during the first quarter valued at approximately $68,000. 93.71% of the stock is owned by hedge funds and other institutional investors.

About Huron Consulting Group

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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.