Short Interest in Huron Consulting Group Inc. (NASDAQ:HURN) Expands By 29.6%

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 483,000 shares, an increase of 29.6% from the March 15th total of 372,700 shares. Currently, 2.8% of the company's stock are short sold. Based on an average daily volume of 202,000 shares, the short-interest ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HURN shares. Wedbush increased their target price on Huron Consulting Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Barrington Research restated an "outperform" rating and set a $167.00 price target on shares of Huron Consulting Group in a report on Thursday, March 27th. Benchmark reissued a "buy" rating and set a $165.00 target price on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Truist Financial increased their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group has an average rating of "Buy" and a consensus target price of $169.25.

Huron Consulting Group Stock Performance

HURN stock traded up $2.98 during mid-day trading on Wednesday, reaching $138.36. 72,995 shares of the stock traded hands, compared to its average volume of 145,074. 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 business has a 50-day moving average of $141.52 and a two-hundred day moving average of $128.07. The firm has a market capitalization of $2.48 billion, a PE ratio of 30.08 and a beta of 0.37. Huron Consulting Group has a 52 week low of $84.26 and a 52 week high of $153.85.

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 (EPS) 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 company had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. As a group, equities analysts predict that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Activity at Huron Consulting Group

In other news, Director James H. Roth sold 8,641 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $142.38, for a total value of $1,230,305.58. Following the transaction, the director now owns 47,638 shares of the company's stock, valued at $6,782,698.44. The trade was a 15.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Mccartney sold 500 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $151.13, for a total value of $75,565.00. Following the sale, the director now directly owns 55,688 shares of the company's stock, valued at approximately $8,416,127.44. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,781 shares of company stock worth $11,484,452. Company insiders own 2.15% of the company's stock.

Hedge Funds Weigh In On Huron Consulting Group

Several institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in Huron Consulting Group in the 1st quarter valued at $35,000. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group in the fourth quarter worth about $33,000. Tower Research Capital LLC TRC raised its holdings in Huron Consulting Group by 27.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock worth $71,000 after purchasing an additional 122 shares during the last quarter. USA Financial Formulas acquired a new position in Huron Consulting Group during the 1st quarter valued at about $114,000. Finally, Sowell Financial Services LLC bought a new position in shares of Huron Consulting Group in the 1st quarter valued at about $203,000. 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.