Wealth Enhancement Advisory Services LLC Boosts Stock Position in Huron Consulting Group Inc. $HURN

Wealth Enhancement Advisory Services LLC lifted its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 19.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,792 shares of the business services provider’s stock after acquiring an additional 764 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Huron Consulting Group were worth $669,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Huron Consulting Group in the 2nd quarter worth approximately $157,000. Lifestyle Asset Management Inc. acquired a new position in shares of Huron Consulting Group in the 2nd quarter worth approximately $354,000. Rhumbline Advisers grew its position in shares of Huron Consulting Group by 5.8% in the 1st quarter. Rhumbline Advisers now owns 26,280 shares of the business services provider’s stock worth $3,770,000 after acquiring an additional 1,447 shares in the last quarter. Strs Ohio acquired a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $904,000. Finally, Acadian Asset Management LLC grew its position in shares of Huron Consulting Group by 174.4% in the 1st quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock worth $481,000 after acquiring an additional 2,136 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Activity

In other news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $146.30, for a total value of $292,600.00. Following the completion of the sale, the director owned 39,304 shares in the company, valued at $5,750,175.20. This represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kyle Featherstone sold 375 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the completion of the sale, the insider owned 1,311 shares of the company’s stock, valued at approximately $177,942.03. This trade represents a 22.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,171 shares of company stock worth $1,122,051 over the last 90 days. 2.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HURN. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a research report on Saturday, September 27th. Barrington Research boosted their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $171.50.

Huron Consulting Group Trading Up 1.9%

Shares of Huron Consulting Group stock opened at $150.32 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 26.23 and a beta of 0.29. The business has a fifty day simple moving average of $137.87 and a 200-day simple moving average of $139.74. Huron Consulting Group Inc. has a fifty-two week low of $102.94 and a fifty-two week high of $155.00.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, beating 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 25.52% and a net margin of 6.60%.The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS 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.