Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,318 shares of the business services provider’s stock after selling 152 shares during the quarter. Arizona State Retirement System’s holdings in Huron Consulting Group were worth $547,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in shares of Huron Consulting Group in the third quarter valued at about $35,000. Point72 Asset Management L.P. acquired a new position in shares of Huron Consulting Group in the second quarter valued at about $35,000. Money Concepts Capital Corp acquired a new position in shares of Huron Consulting Group in the fourth quarter valued at about $56,000. Assetmark Inc. increased its holdings in shares of Huron Consulting Group by 28.6% in the third quarter. Assetmark Inc. now owns 1,098 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 244 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Huron Consulting Group in the first quarter valued at about $68,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HURN shares. StockNews.com lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Barrington Research increased their price objective on Huron Consulting Group from $128.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th.

Huron Consulting Group Stock Up 2.1 %

Huron Consulting Group stock opened at $92.32 on Friday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 28.85 and a beta of 0.58. Huron Consulting Group Inc. has a 52 week low of $70.66 and a 52 week high of $113.31. The business’s 50-day moving average price is $97.81 and its 200 day moving average price is $101.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. The firm had revenue of $339.23 million for the quarter, compared to analyst estimates of $341.71 million. Huron Consulting Group had a return on equity of 17.77% and a net margin of 4.47%. Huron Consulting Group’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. As a group, sell-side analysts anticipate that Huron Consulting Group Inc. will post 5.64 earnings per share for the current year.

Insider Buying and Selling

In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $96.38, for a total transaction of $28,914.00. Following the transaction, the director now owns 56,619 shares in the company, valued at $5,456,939.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $96.38, for a total transaction of $28,914.00. Following the transaction, the director now owns 56,619 shares in the company, valued at $5,456,939.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Roth sold 6,804 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $95.00, for a total value of $646,380.00. Following the transaction, the director now owns 62,825 shares in the company, valued at approximately $5,968,375. The disclosure for this sale can be found here. Insiders have sold a total of 42,080 shares of company stock valued at $4,146,076 over the last ninety days. Company insiders own 2.02% of the company’s stock.

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.