Cetera Investment Advisers Buys 525 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Cetera Investment Advisers grew its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 17.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,546 shares of the business services provider’s stock after buying an additional 525 shares during the period. Cetera Investment Advisers’ holdings in Huron Consulting Group were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HURN. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group during the fourth quarter valued at approximately $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Huron Consulting Group during the first quarter valued at approximately $35,000. CWM LLC raised its position in shares of Huron Consulting Group by 55.9% during the first quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after buying an additional 146 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Huron Consulting Group by 27.3% during the fourth 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 during the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Huron Consulting Group during the first quarter valued at approximately $114,000. Institutional investors own 93.90% of the company’s stock.

Insider Activity

In other news, Director H Eugene Lockhart sold 1,040 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $129.11, for a total transaction of $64,555.00. Following the sale, the director directly owned 51,317 shares of the company’s stock, valued at $6,625,537.87. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,708 shares of company stock valued at $633,121 over the last ninety days. 2.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barrington Research boosted their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $171.50.

Huron Consulting Group Trading Up 0.2%

Shares of HURN opened at $133.17 on Friday. The company’s fifty day moving average is $133.80 and its 200 day moving average is $138.69. Huron Consulting Group Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $155.00. The stock has a market capitalization of $2.31 billion, a PE ratio of 23.24 and a beta of 0.26. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.99 and a current ratio of 1.99.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results 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. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The company had revenue of $402.50 million for the quarter, compared to analysts’ expectations of $402.67 million. During the same quarter in the previous year, the business posted $1.68 earnings per share. Huron Consulting Group’s quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Huron Consulting Group 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.