Advisors Asset Management Inc. acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,282 shares of the company’s stock, valued at approximately $198,000.
Several other hedge funds have also recently bought and sold shares of the stock. Pacad Investment Ltd. bought a new stake in shares of Huron Consulting Group during the first quarter worth about $454,000. Teachers Advisors Inc. raised its stake in shares of Huron Consulting Group by 1.9% in the first quarter. Teachers Advisors Inc. now owns 34,228 shares of the company’s stock worth $1,992,000 after buying an additional 650 shares during the period. Franklin Resources Inc. raised its stake in shares of Huron Consulting Group by 5.3% in the first quarter. Franklin Resources Inc. now owns 1,091,185 shares of the company’s stock worth $63,496,000 after buying an additional 55,143 shares during the period. BlackRock Group LTD raised its stake in shares of Huron Consulting Group by 17.3% in the first quarter. BlackRock Group LTD now owns 18,259 shares of the company’s stock worth $1,063,000 after buying an additional 2,694 shares during the period. Finally, UBS Group AG raised its stake in shares of Huron Consulting Group by 261.3% in the first quarter. UBS Group AG now owns 13,219 shares of the company’s stock worth $769,000 after buying an additional 9,560 shares during the period. Institutional investors own 93.09% of the company’s stock.
Huron Consulting Group Inc. (NASDAQ:HURN) traded down 0.03% during trading on Wednesday, reaching $59.15. 33,021 shares of the company’s stock were exchanged. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 21.76 and a beta of 0.53. The stock’s 50-day moving average price is $61.48 and its 200-day moving average price is $59.82. Huron Consulting Group Inc. has a 52-week low of $43.35 and a 52-week high of $65.03.
Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.29. The business earned $184.26 million during the quarter, compared to analyst estimates of $186.50 million. Huron Consulting Group had a return on equity of 13.17% and a net margin of 7.22%. Huron Consulting Group’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. Equities analysts expect that Huron Consulting Group Inc. will post $3.42 earnings per share for the current year.
HURN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Wednesday, September 28th. Barrington Research lifted their price objective on shares of Huron Consulting Group from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.33.
In related news, Director George Massaro sold 969 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $63.27, for a total value of $61,308.63. Following the completion of the transaction, the director now directly owns 18,290 shares in the company, valued at $1,157,208.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James H. Roth sold 7,500 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $60.89, for a total value of $456,675.00. Following the completion of the transaction, the chief executive officer now owns 173,585 shares of the company’s stock, valued at $10,569,590.65. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
Huron Consulting Group Company Profile
Huron Consulting Group Inc is a professional services firm focused on assisting clients with their business issues by delivering solutions to support their strategic objectives. The Company’s segments are Huron Healthcare, which provides advisory, consulting and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals and physician practices; Huron Education and Life Sciences, which provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries; Huron Business Advisory, which provides services to the C-suite of middle market and organizations, institutions, law firms, investment banks and private equity firms, and All Other.
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