Connor Clark & Lunn Investment Management Ltd. Buys New Shares in Huron Consulting Group Inc. (NASDAQ:HURN)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,208 shares of the business services provider’s stock, valued at approximately $457,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth about $28,000. Assetmark Inc. increased its position in Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the last quarter. Dakota Wealth Management purchased a new position in Huron Consulting Group during the second quarter worth approximately $219,000. Creative Planning grew its stake in shares of Huron Consulting Group by 10.5% during the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after buying an additional 246 shares during the period. Finally, Aristides Capital LLC acquired a new stake in shares of Huron Consulting Group during the 2nd quarter worth $296,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total transaction of $112,817.34. Following the completion of the sale, the director now owns 28,840 shares in the company, valued at $3,122,506.80. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the sale, the director now owns 54,825 shares in the company, valued at $7,040,626.50. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,126 shares of company stock worth $604,420 over the last 90 days. Company insiders own 2.02% of the company’s stock.

Huron Consulting Group Trading Down 0.7 %

NASDAQ:HURN opened at $122.81 on Friday. The business’s 50-day moving average is $113.89 and its two-hundred day moving average is $105.28. The firm has a market capitalization of $2.18 billion, a PE ratio of 26.89 and a beta of 0.60. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $131.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. The business had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. Research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HURN shares. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research lifted their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $133.00.

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.