Huron Consulting Group Inc. (NASDAQ:HURN) Shares Bought by Cwm LLC

Cwm LLC lifted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 55.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 407 shares of the business services provider’s stock after purchasing an additional 146 shares during the quarter. Cwm LLC’s holdings in Huron Consulting Group were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HURN. Norges Bank acquired a new position in Huron Consulting Group during the 4th quarter valued at about $7,427,000. Sunriver Management LLC boosted its holdings in shares of Huron Consulting Group by 10.7% in the fourth quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock valued at $60,465,000 after acquiring an additional 46,968 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Huron Consulting Group by 27.4% during the first quarter. Assenagon Asset Management S.A. now owns 177,449 shares of the business services provider’s stock valued at $25,455,000 after acquiring an additional 38,163 shares during the period. Millennium Management LLC increased its stake in shares of Huron Consulting Group by 58.7% during the fourth quarter. Millennium Management LLC now owns 92,872 shares of the business services provider’s stock valued at $11,540,000 after acquiring an additional 34,353 shares during the period. Finally, Lisanti Capital Growth LLC bought a new stake in Huron Consulting Group during the first quarter worth approximately $4,626,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Trading Down 7.6%

Shares of NASDAQ:HURN opened at $121.98 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 21.29 and a beta of 0.26. Huron Consulting Group Inc. has a 1-year low of $101.73 and a 1-year high of $155.00. The company has a 50 day moving average price of $136.45 and a 200 day moving average price of $138.40.

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

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director Joy Brown sold 668 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $149.74, for a total transaction of $100,026.32. Following the sale, the director owned 8,896 shares in the company, valued at approximately $1,332,087.04. The trade was a 6.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the transaction, the director owned 8,162 shares of the company’s stock, valued at approximately $1,116,071.88. The trade was a 11.30% 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 quarter. 2.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HURN shares. Barrington Research increased their price target on Huron Consulting Group from $167.00 to $173.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Wall Street Zen cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. One 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.75.

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.