Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 44.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,903 shares of the business services provider's stock after selling 4,638 shares during the quarter. Quantbot Technologies LP's holdings in Huron Consulting Group were worth $734,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Semanteon Capital Management LP purchased a new position in Huron Consulting Group in the 4th quarter worth $857,000. Xponance Inc. acquired a new position in Huron Consulting Group during the fourth quarter worth $204,000. Intech Investment Management LLC raised its holdings in shares of Huron Consulting Group by 186.1% during the fourth quarter. Intech Investment Management LLC now owns 8,639 shares of the business services provider's stock valued at $1,073,000 after acquiring an additional 5,619 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Huron Consulting Group by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 256,971 shares of the business services provider's stock valued at $31,931,000 after acquiring an additional 6,338 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in Huron Consulting Group during the fourth quarter worth about $204,000. 93.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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Huron Consulting Group Price Performance

Shares of NASDAQ:HURN traded down $0.41 on Friday, reaching $142.30. 201,937 shares of the company were exchanged, compared to its average volume of 132,610. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. The company has a 50-day moving average of $136.15 and a 200-day moving average of $123.85. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 30.93 and a beta of 0.53.

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

Insider Activity at Huron Consulting Group

In other news, Director James H. Roth sold 8,641 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $142.38, for a total value of $1,230,305.58. Following the sale, the director now directly owns 47,638 shares in the company, valued at $6,782,698.44. This represents a 15.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C. Mark Hussey sold 27,672 shares of the business's stock in a transaction dated 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 $11,835,927.38. The trade was a 25.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,781 shares of company stock valued at $11,722,822. 2.02% of the stock is owned by corporate insiders.

Huron Consulting Group Company 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.