GSA Capital Partners LLP Invests $760,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

GSA Capital Partners LLP purchased a new position in Huron Consulting Group Inc. (NASDAQ:HURN) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,295 shares of the business services provider’s stock, valued at approximately $760,000.

Several other hedge funds have also recently bought and sold shares of HURN. Summit Investment Advisors Inc. lifted its holdings in shares of Huron Consulting Group by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,838 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 96 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Huron Consulting Group by 3.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,039 shares of the business services provider’s stock worth $502,000 after purchasing an additional 121 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock valued at $71,000 after buying an additional 122 shares in the last quarter. CWM LLC lifted its stake in Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after buying an additional 146 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Huron Consulting Group by 15.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the business services provider’s stock valued at $157,000 after buying an additional 148 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Barrington Research lifted their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $170.75.

Huron Consulting Group Trading Down 7.6%

Shares of HURN opened at $121.98 on Friday. Huron Consulting Group Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $155.00. The company has a market capitalization of $2.10 billion, a PE ratio of 21.29 and a beta of 0.28. The stock has a fifty day moving average of $136.45 and a two-hundred day moving average of $138.33. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a return on equity of 24.90% and a net margin of 6.60%. The firm had revenue of $402.50 million during the quarter, compared to analyst estimates of $402.67 million. During the same period in the prior year, the firm posted $1.68 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insider Buying and Selling at Huron Consulting Group

In other news, Director Joy Brown sold 668 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $149.74, for a total transaction of $100,026.32. Following the completion of the sale, the director directly owned 8,896 shares of the company’s stock, valued at $1,332,087.04. The trade was a 6.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Mccartney sold 500 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $68,370.00. Following the sale, the director owned 51,817 shares of the company’s stock, valued at approximately $7,085,456.58. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,208 shares of company stock worth $310,606 in the last 90 days. 2.15% 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.