Dimensional Fund Advisors LP raised its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,096,286 shares of the company’s stock after buying an additional 56,690 shares during the period. Dimensional Fund Advisors LP owned about 5.21% of Huron Consulting Group worth $66,236,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in HURN. Capital Fund Management S.A. purchased a new position in Huron Consulting Group during the second quarter valued at about $338,000. Lucus Advisors LLC purchased a new position in Huron Consulting Group during the second quarter valued at about $354,000. Genesee Valley Trust Co. bought a new position in Huron Consulting Group during the second quarter worth $554,000. New York State Teachers Retirement System bought a new position in Huron Consulting Group during the second quarter worth $109,000. Finally, Hartford Investment Management Co. increased its position in Huron Consulting Group by 113.0% in the second quarter. Hartford Investment Management Co. now owns 60,399 shares of the company’s stock worth $3,649,000 after buying an additional 32,039 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Huron Consulting Group Inc. (NASDAQ:HURN) traded up 0.87% on Friday, hitting $59.08. The stock had a trading volume of 50,520 shares. The company’s 50 day moving average is $61.65 and its 200-day moving average is $59.71. Huron Consulting Group Inc. has a 1-year low of $43.35 and a 1-year high of $65.03. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 21.74 and a beta of 0.51.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.29. The company had revenue of $184.26 million for the quarter, compared to analyst estimates of $186.50 million. Huron Consulting Group had a net margin of 7.22% and a return on equity of 13.17%. Huron Consulting Group’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, analysts forecast that Huron Consulting Group Inc. will post $3.42 EPS for the current year.
HURN has been the topic of a number of analyst reports. Zacks Investment Research raised Huron Consulting Group from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Wednesday. Barrington Research increased their price target on Huron Consulting Group from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Huron Consulting Group currently has a consensus rating of “Buy” and a consensus price target of $68.33.
In related news, CEO James H. Roth sold 7,500 shares of the business’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 transaction, the chief executive officer now owns 173,585 shares in the company, valued at $10,569,590.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George Massaro sold 969 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $63.27, for a total transaction of $61,308.63. Following the completion of the transaction, the director now owns 18,290 shares in the company, valued at approximately $1,157,208.30. The disclosure for this sale can be found here. 2.60% of the stock is currently 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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