Hotchkis & Wiley Capital Management LLC Takes Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Hotchkis & Wiley Capital Management LLC bought a new position in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 58,290 shares of the business services provider's stock, valued at approximately $6,336,000. Hotchkis & Wiley Capital Management LLC owned about 0.33% of Huron Consulting Group at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Atom Investors LP purchased a new position in shares of Huron Consulting Group during the third quarter valued at $1,159,000. Martingale Asset Management L P boosted its holdings in Huron Consulting Group by 0.5% during the 3rd quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider's stock valued at $2,226,000 after acquiring an additional 110 shares during the period. FMR LLC lifted its position in shares of Huron Consulting Group by 32.4% during the 3rd quarter. FMR LLC now owns 21,394 shares of the business services provider's stock worth $2,326,000 after purchasing an additional 5,230 shares during the last quarter. Quantbot Technologies LP grew its stake in Huron Consulting Group by 6,174.4% during the 3rd quarter. Quantbot Technologies LP now owns 10,541 shares of the business services provider's stock worth $1,146,000 after buying an additional 10,373 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Huron Consulting Group during the 3rd quarter worth $879,000. Institutional investors own 93.90% of the company's stock.

Insider Buying and Selling

In other news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total value of $112,817.34. Following the transaction, the director now owns 28,840 shares of the company's stock, valued at $3,122,506.80. This represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Roth sold 2,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total value of $247,400.00. Following the transaction, the director now owns 52,825 shares in the company, valued at approximately $6,534,452.50. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,126 shares of company stock valued at $865,710 over the last quarter. Corporate insiders own 2.02% of the company's stock.

Wall Street Analyst Weigh In

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

Huron Consulting Group Price Performance

HURN stock traded up $0.35 during midday trading on Friday, hitting $123.11. 51,566 shares of the stock were exchanged, compared to its average volume of 121,348. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The stock's 50-day moving average price is $115.33 and its 200-day moving average price is $106.53. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $131.06. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 26.82 and a beta of 0.60.

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

About Huron Consulting Group

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.