Atom Investors LP Purchases New Shares in Huron Consulting Group Inc. (NASDAQ:HURN)

Atom Investors LP bought a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 10,658 shares of the business services provider's stock, valued at approximately $1,159,000. Atom Investors LP owned 0.06% of Huron Consulting Group as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HURN. Simplicity Wealth LLC purchased a new stake in shares of Huron Consulting Group in the 2nd quarter worth about $584,000. Quest Partners LLC grew its stake in Huron Consulting Group by 131.9% in the third quarter. Quest Partners LLC now owns 13,814 shares of the business services provider's stock valued at $1,502,000 after purchasing an additional 7,858 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Huron Consulting Group by 435.2% during the second quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider's stock worth $6,370,000 after purchasing an additional 52,589 shares during the period. Natixis Advisors LLC increased its position in shares of Huron Consulting Group by 32.7% in the third quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider's stock valued at $2,019,000 after buying an additional 4,576 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in Huron Consulting Group in the 2nd quarter valued at $9,533,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Huron Consulting Group Stock Up 0.1 %

Shares of NASDAQ HURN traded up $0.09 during mid-day trading on Wednesday, hitting $123.67. 62,331 shares of the stock traded hands, compared to its average volume of 121,983. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $131.06. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 26.88 and a beta of 0.60. The stock has a fifty day moving average price of $115.04 and a 200-day moving average price of $106.42.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to analysts' expectations of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. Huron Consulting Group's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. Research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insiders Place Their Bets

In other news, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the transaction, the director now owns 54,825 shares of the company's stock, valued at approximately $7,040,626.50. This trade represents a 3.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $115.82, for a total transaction of $120,684.44. Following the completion of the sale, the director now owns 27,798 shares in the company, valued at approximately $3,219,564.36. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,126 shares of company stock worth $618,310 in the last ninety days. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on HURN. Barrington Research raised their price target on Huron Consulting Group from $137.00 to $142.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. StockNews.com raised Huron Consulting Group from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Benchmark reissued a "buy" rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Huron Consulting Group currently has a consensus rating of "Buy" and a consensus target price of $133.00.

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.