Vanguard Group Inc. trimmed its stake in Huron Consulting Group (NASDAQ:HURN) by 2.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,082,429 shares of the business services provider’s stock after selling 41,914 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Huron Consulting Group worth $92,148,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HURN. AJO LP bought a new position in shares of Huron Consulting Group in the 1st quarter worth $29,000. New York State Teachers Retirement System acquired a new position in Huron Consulting Group during the 2nd quarter valued at about $35,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Huron Consulting Group by 129.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,468 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 1,957 shares during the last quarter. Aperio Group LLC grew its stake in Huron Consulting Group by 25.2% during the 1st quarter. Aperio Group LLC now owns 4,844 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 976 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Huron Consulting Group during the 1st quarter valued at about $304,000. 86.61% of the stock is owned by hedge funds and other institutional investors.
Several research firms have weighed in on HURN. BidaskClub upgraded Huron Consulting Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Zacks Investment Research downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Barrington Research began coverage on Huron Consulting Group in a research report on Wednesday, July 22nd. They set a “buy” rating and a $60.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $61.00.
In related news, Director John Mccartney sold 1,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the sale, the director now owns 64,008 shares of the company’s stock, valued at $3,040,380. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James H. Roth sold 18,800 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $41.69, for a total value of $783,772.00. Following the completion of the sale, the chief executive officer now directly owns 147,009 shares of the company’s stock, valued at approximately $6,128,805.21. The disclosure for this sale can be found here. Insiders have sold 20,005 shares of company stock valued at $840,333 in the last three months. Insiders own 2.20% of the company’s stock.
Shares of HURN stock opened at $39.18 on Monday. The business’s 50 day moving average is $43.75 and its two-hundred day moving average is $44.78. Huron Consulting Group has a 12-month low of $35.15 and a 12-month high of $70.91. The company has a market capitalization of $896.20 million, a P/E ratio of -435.28, a P/E/G ratio of 1.67 and a beta of 0.56. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.62.
Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Thursday, July 30th. The business services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.50. Huron Consulting Group had a positive return on equity of 10.81% and a negative net margin of 0.08%. The business had revenue of $217.86 million during the quarter, compared to analysts’ expectations of $190.22 million. On average, research analysts predict that Huron Consulting Group will post 1.7 earnings per share for the current fiscal year.
Huron Consulting Group Profile
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
Recommended Story: Reverse Stock Split
Want to see what other hedge funds are holding HURN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huron Consulting Group (NASDAQ:HURN).
Receive News & Ratings for Huron Consulting Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Huron Consulting Group and related companies with MarketBeat.com’s FREE daily email newsletter.