Assenagon Asset Management S.A. Cuts Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Assenagon Asset Management S.A. trimmed its stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,286 shares of the business services provider's stock after selling 4,428 shares during the period. Assenagon Asset Management S.A. owned about 0.79% of Huron Consulting Group worth $17,308,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. raised its position in shares of Huron Consulting Group by 7.0% during the third 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 last quarter. MML Investors Services LLC bought a new position in shares of Huron Consulting Group during the 3rd quarter worth approximately $220,000. Peapack Gladstone Financial Corp bought a new stake in shares of Huron Consulting Group in the 3rd quarter valued at $220,000. Orion Portfolio Solutions LLC acquired a new position in shares of Huron Consulting Group during the 3rd quarter valued at $264,000. Finally, Creative Planning boosted its stake in Huron Consulting Group by 10.5% during the third quarter. Creative Planning now owns 2,588 shares of the business services provider's stock worth $281,000 after acquiring an additional 246 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $115.82, for a total transaction of $120,684.44. Following the transaction, the director now owns 27,798 shares of the company's stock, valued at $3,219,564.36. This represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the transaction, the director now owns 54,825 shares of the company's stock, valued at $7,040,626.50. The trade was a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,584 shares of company stock valued at $1,062,597 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark reiterated a "buy" rating and set a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Barrington Research upped their price target on Huron Consulting Group from $137.00 to $142.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded Huron Consulting Group from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $133.00.

Huron Consulting Group Stock Down 0.4 %

Shares of HURN traded down $0.52 on Friday, reaching $127.03. The company's stock had a trading volume of 41,336 shares, compared to its average volume of 72,645. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06. The stock has a market capitalization of $2.25 billion, a PE ratio of 27.62 and a beta of 0.60. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average of $123.42 and a 200-day moving average of $112.99.

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 analysts' consensus estimates of $1.57 by $0.11. The business had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. Huron Consulting Group's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Equities analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

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.