EntryPoint Capital LLC Takes Position in Huron Consulting Group Inc. (NASDAQ:HURN)

EntryPoint Capital LLC purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,324 shares of the business services provider's stock, valued at approximately $662,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HURN. Benchmark restated a "buy" rating and set a $165.00 price objective on shares of Huron Consulting Group in a research note on Wednesday. Barrington Research restated an "outperform" rating and issued a $167.00 price target on shares of Huron Consulting Group in a report on Thursday. Truist Financial boosted their price objective 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. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday. Finally, Wedbush lifted their price target on shares of Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $169.25.

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Huron Consulting Group Stock Performance

NASDAQ:HURN traded down $0.41 during trading hours on Friday, hitting $142.30. 201,937 shares of the company were exchanged, compared to its average volume of 132,610. The company's 50 day moving average price is $136.15 and its 200-day moving average price is $123.71. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 30.93 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 debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

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

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of the firm's 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 transaction, the chief executive officer now directly owns 81,118 shares of the company's stock, valued at approximately $11,835,927.38. This trade represents a 25.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction 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 sale, the director now directly owns 24,672 shares in the company, valued at $3,087,700.80. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,781 shares of company stock worth $11,722,822 over the last three months. 2.02% of the stock is currently owned by insiders.

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.