UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $53.23 Million Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 489,650 shares of the business services provider's stock after selling 28,358 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 2.76% of Huron Consulting Group worth $53,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in Huron Consulting Group in the 2nd quarter worth $28,000. Assetmark Inc. raised its position in shares of Huron Consulting Group by 7.0% in 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 period. Dakota Wealth Management purchased a new stake in Huron Consulting Group in the 2nd quarter worth $219,000. Creative Planning lifted its stake 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 in the last quarter. Finally, Aristides Capital LLC acquired a new stake in Huron Consulting Group during the 2nd quarter worth $296,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Stock Up 0.2 %

NASDAQ:HURN traded up $0.24 during midday trading on Wednesday, hitting $123.82. 21,489 shares of the company were exchanged, compared to its average volume of 121,801. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $131.06. The company has a market capitalization of $2.20 billion, a PE ratio of 26.87 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 company has a fifty day simple moving average of $114.73 and a 200 day simple moving average of $106.30.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.68 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 business had revenue of $370.00 million for the quarter, compared to analysts' expectations of $377.63 million. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the sale, the director now owns 54,825 shares in the company, valued at approximately $7,040,626.50. This represents a 3.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $115.82, for a total transaction of $120,684.44. Following the completion of the sale, the director now owns 27,798 shares in the company, valued at approximately $3,219,564.36. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,126 shares of company stock valued at $618,310. 2.20% of the stock is owned by corporate insiders.

Huron Consulting Group 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.