Alliancebernstein L.P. Grows Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Alliancebernstein L.P. increased its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 60.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,468 shares of the business services provider's stock after acquiring an additional 11,860 shares during the period. Alliancebernstein L.P. owned approximately 0.18% of Huron Consulting Group worth $3,910,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group during the fourth quarter worth $33,000. Xponance Inc. acquired a new stake in Huron Consulting Group in the 4th quarter valued at about $204,000. Cibc World Markets Corp purchased a new position in Huron Consulting Group during the 4th quarter valued at about $204,000. Aigen Investment Management LP acquired a new position in Huron Consulting Group during the fourth quarter worth about $211,000. Finally, Avantax Advisory Services Inc. acquired a new position in Huron Consulting Group during the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

Huron Consulting Group Trading Up 0.0 %

Huron Consulting Group stock traded up $0.01 during trading on Friday, hitting $141.50. The company's stock had a trading volume of 260,828 shares, compared to its average volume of 142,916. The stock's fifty day moving average is $141.24 and its 200 day moving average is $127.65. 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 1-year low of $84.26 and a 1-year high of $153.85. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 30.76 and a beta of 0.37.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. As a group, equities research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insiders Place Their Bets

In related news, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the sale, the chief executive officer now owns 81,118 shares of the company's stock, valued at approximately $11,835,927.38. This represents a 25.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $125.15, for a total transaction of $130,406.30. Following the completion of the transaction, the director now owns 24,672 shares in the company, valued at $3,087,700.80. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,781 shares of company stock worth $11,484,452 over the last three months. 2.02% of the stock is owned by insiders.

Analyst Ratings Changes

HURN has been the subject of several research reports. Barrington Research restated an "outperform" rating and set a $167.00 price objective on shares of Huron Consulting Group in a research report on Thursday, March 27th. Wedbush boosted their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Benchmark reaffirmed a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, March 26th. William Blair reiterated an "outperform" rating on shares of Huron Consulting Group in a research report on Wednesday, March 26th. Finally, Truist Financial raised their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Huron Consulting Group has a consensus rating of "Buy" and a consensus price target of $169.25.

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.