Insider Selling: Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells 2,000 Shares of Stock

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $123.69, for a total transaction of $247,380.00. Following the sale, the director now directly owns 50,534 shares of the company's stock, valued at approximately $6,250,550.46. This trade represents a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Huron Consulting Group Stock Performance

HURN traded down $0.50 during trading on Monday, hitting $124.10. 109,217 shares of the stock were exchanged, compared to its average volume of 94,288. The firm has a market capitalization of $2.20 billion, a P/E ratio of 26.98 and a beta of 0.60. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $131.06. The stock has a fifty day moving average price of $123.20 and a two-hundred day moving average price of $112.20. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

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 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 during the quarter, compared to the consensus estimate of $377.63 million. During the same quarter in the prior year, the firm earned $1.39 EPS. Huron Consulting Group's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HURN shares. StockNews.com raised Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Barrington Research boosted their price objective 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, Benchmark restated a "buy" rating and issued a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Huron Consulting Group has an average rating of "Buy" and an average target price of $133.00.

Hedge Funds Weigh In On Huron Consulting Group

A number of hedge funds and other institutional investors have recently made changes to their positions in HURN. Assetmark Inc. lifted its position in Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider's stock worth $149,000 after acquiring an additional 90 shares during the period. Martingale Asset Management L P lifted its holdings in shares of Huron Consulting Group by 0.5% during the third quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider's stock worth $2,226,000 after purchasing an additional 110 shares during the period. Andina Capital Management LLC lifted its holdings in shares of Huron Consulting Group by 4.5% during the third quarter. Andina Capital Management LLC now owns 3,189 shares of the business services provider's stock worth $347,000 after purchasing an additional 137 shares during the period. Creative Planning grew its position in Huron Consulting Group by 10.5% in the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider's stock valued at $281,000 after buying an additional 246 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Huron Consulting Group in the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

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.