AlphaQuest LLC Sells 9,568 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

AlphaQuest LLC trimmed its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 69.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,246 shares of the business services provider's stock after selling 9,568 shares during the period. AlphaQuest LLC's holdings in Huron Consulting Group were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake in shares of Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider's stock worth $74,722,000 after acquiring an additional 27,329 shares during the period. Wellington Management Group LLP boosted its position in Huron Consulting Group by 29.1% during the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider's stock worth $58,512,000 after purchasing an additional 121,371 shares during the period. State Street Corp increased its holdings in shares of Huron Consulting Group by 2.1% in the third quarter. State Street Corp now owns 445,694 shares of the business services provider's stock valued at $48,447,000 after purchasing an additional 8,972 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Huron Consulting Group by 20.5% in the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider's stock valued at $42,306,000 after purchasing an additional 67,239 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Huron Consulting Group by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider's stock worth $41,308,000 after buying an additional 17,146 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

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Huron Consulting Group Price Performance

Shares of NASDAQ:HURN traded up $0.66 during trading on Thursday, reaching $144.41. 236,571 shares of the company traded hands, compared to its average volume of 121,656. The firm has a market capitalization of $2.55 billion, a PE ratio of 31.39 and a beta of 0.53. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $153.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The company's 50 day moving average is $131.28 and its two-hundred day moving average is $120.54.

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 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $399.31 million during the quarter, compared to analysts' expectations of $380.62 million. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In other news, CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total value of $4,037,621.52. Following the transaction, the chief executive officer now owns 81,118 shares in the company, valued at approximately $11,835,927.38. This trade represents a 25.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 8,642 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $147.92, for a total value of $1,278,324.64. Following the transaction, the director now directly owns 73,563 shares of the company's stock, valued at $10,881,438.96. This trade represents a 10.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,856 shares of company stock valued at $7,958,682 over the last three months. 2.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on HURN. Wedbush started coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. Barrington Research increased their target price on Huron Consulting Group from $142.00 to $167.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Truist Financial boosted their price target on Huron Consulting Group from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Benchmark increased their price objective on Huron Consulting Group from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, William Blair reissued an "outperform" rating on shares of Huron Consulting Group in a research report on Monday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Huron Consulting Group presently has an average rating of "Buy" and a consensus target price of $155.50.

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.