Wellington Management Group LLP Grows Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Wellington Management Group LLP boosted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) by 29.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 538,290 shares of the business services provider's stock after purchasing an additional 121,371 shares during the quarter. Wellington Management Group LLP owned approximately 3.03% of Huron Consulting Group worth $58,512,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Huron Consulting Group by 2.1% during the third quarter. State Street Corp now owns 445,694 shares of the business services provider's stock valued at $48,447,000 after purchasing an additional 8,972 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Huron Consulting Group during the 3rd quarter valued at approximately $6,336,000. Atom Investors LP bought a new stake in Huron Consulting Group in the 3rd quarter worth approximately $1,159,000. Martingale Asset Management L P increased its stake in Huron Consulting Group by 0.5% in the 3rd quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider's stock worth $2,226,000 after acquiring an additional 110 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Huron Consulting Group by 32.4% during the 3rd quarter. FMR LLC now owns 21,394 shares of the business services provider's stock worth $2,326,000 after acquiring an additional 5,230 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Trading Down 0.7 %

HURN stock traded down $0.88 during mid-day trading on Thursday, reaching $121.85. 19,921 shares of the stock traded hands, compared to its average volume of 120,301. The business has a 50-day moving average price of $116.55 and a two-hundred day moving average price of $107.71. The stock has a market capitalization of $2.16 billion, a PE ratio of 26.68 and a beta of 0.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $131.06.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued 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. The company had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm's 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 research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $115.82, for a total value of $120,684.44. Following the completion of the sale, the director now directly owns 27,798 shares of the company's stock, valued at $3,219,564.36. The trade was a 3.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James H. Roth sold 2,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total transaction of $247,400.00. Following the completion of the transaction, the director now owns 52,825 shares in the company, valued at $6,534,452.50. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,126 shares of company stock worth $865,710. 2.20% of the stock is currently owned by company 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.