Envestnet Asset Management Inc. Boosts Stock Position in Huron Consulting Group Inc. $HURN

Envestnet Asset Management Inc. lifted its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,233 shares of the business services provider’s stock after acquiring an additional 4,603 shares during the period. Envestnet Asset Management Inc. owned approximately 0.38% of Huron Consulting Group worth $9,574,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HURN. Hussman Strategic Advisors Inc. bought a new position in shares of Huron Consulting Group in the third quarter worth $925,000. Thrivent Financial for Lutherans purchased a new position in Huron Consulting Group during the third quarter worth about $11,633,000. Sunriver Management LLC grew its position in Huron Consulting Group by 10.6% during the second quarter. Sunriver Management LLC now owns 378,211 shares of the business services provider’s stock worth $52,019,000 after buying an additional 36,303 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Huron Consulting Group in the 2nd quarter worth about $1,481,000. Finally, BloombergSen Inc. raised its holdings in shares of Huron Consulting Group by 56.2% in the 3rd quarter. BloombergSen Inc. now owns 365,167 shares of the business services provider’s stock valued at $53,596,000 after acquiring an additional 131,365 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $168.77, for a total value of $84,385.00. Following the completion of the sale, the director owned 41,817 shares in the company, valued at approximately $7,057,455.09. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James Ronald Dail sold 662 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $170.11, for a total transaction of $112,612.82. Following the completion of the sale, the chief operating officer directly owned 30,355 shares in the company, valued at approximately $5,163,689.05. This trade represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,958 shares of company stock worth $837,371 over the last three months. Corporate insiders own 2.15% of the company’s stock.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $133.62 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.18. The stock has a market cap of $2.30 billion, a PE ratio of 22.38 and a beta of 0.08. The company’s fifty day moving average is $169.79 and its 200 day moving average is $156.84. Huron Consulting Group Inc. has a 52 week low of $120.25 and a 52 week high of $186.77.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HURN. Truist Financial boosted their price objective on Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Benchmark lifted their price objective on shares of Huron Consulting Group from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, December 24th. Finally, Wedbush upped their target price on shares of Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Huron Consulting Group presently has a consensus rating of “Buy” and an average target price of $215.50.

About Huron Consulting Group

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.