Healthcare of Ontario Pension Plan Trust Fund Trims Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 64.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,100 shares of the business services provider's stock after selling 14,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Huron Consulting Group were worth $880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HURN. F M Investments LLC purchased a new position in shares of Huron Consulting Group in the 2nd quarter valued at approximately $10,202,000. William Blair Investment Management LLC purchased a new stake in shares of Huron Consulting Group in the second quarter worth $9,533,000. Assenagon Asset Management S.A. increased its holdings in shares of Huron Consulting Group by 240.8% during the second quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider's stock valued at $13,426,000 after acquiring an additional 96,308 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Huron Consulting Group by 435.2% in the 2nd 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 in the last quarter. Finally, Jennison Associates LLC grew its position in Huron Consulting Group by 5.7% during the 3rd quarter. Jennison Associates LLC now owns 574,006 shares of the business services provider's stock valued at $62,394,000 after purchasing an additional 31,123 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

Huron Consulting Group Stock Performance

Huron Consulting Group stock traded down $0.83 during midday trading on Tuesday, reaching $123.58. 55,063 shares of the company traded hands, compared to its average volume of 122,229. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $131.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50 day moving average of $114.44 and a two-hundred day moving average of $106.04. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 27.05 and a beta of 0.60.

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

Insider Buying and Selling at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total transaction of $256,840.00. Following the transaction, the director now directly owns 54,825 shares in the company, valued at approximately $7,040,626.50. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $115.82, for a total value of $120,684.44. Following the transaction, the director now owns 27,798 shares of the company's stock, valued at approximately $3,219,564.36. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,084 shares of company stock worth $490,342 in the last three months. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HURN shares. StockNews.com raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Benchmark restated a "buy" rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, Barrington Research lifted their target price on Huron Consulting Group from $137.00 to $142.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $133.00.

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.