AlphaQuest LLC Sells 9,568 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

AlphaQuest LLC lessened its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 69.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,246 shares of the business services provider’s stock after selling 9,568 shares during the quarter. AlphaQuest LLC’s holdings in Huron Consulting Group were worth $528,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Huron Consulting Group in the 4th quarter valued at approximately $33,000. Assetmark Inc. raised its holdings in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after buying an additional 90 shares during the last quarter. Aigen Investment Management LP bought a new position in Huron Consulting Group during the 4th quarter worth approximately $211,000. MML Investors Services LLC bought a new position in Huron Consulting Group during the 3rd quarter worth approximately $220,000. Finally, Peapack Gladstone Financial Corp bought a new position in Huron Consulting Group during the 3rd quarter worth approximately $220,000. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $143.75 on Thursday. The firm has a 50 day moving average of $130.89 and a 200-day moving average of $120.38. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $153.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 31.25 and a beta of 0.53.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. On average, equities analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total transaction of $62,325.00. Following the transaction, the director now directly owns 56,688 shares in the company, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total value of $247,380.00. Following the transaction, the director now owns 50,534 shares in the company, valued at approximately $6,250,550.46. This trade represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,856 shares of company stock valued at $7,958,682. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on HURN shares. Benchmark raised their price target on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Barrington Research raised their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Truist Financial raised their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a report on Monday. Finally, Wedbush started coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $155.50.

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.