Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,534 shares of the business services provider’s stock after selling 5,136 shares during the period. Great Lakes Advisors LLC owned 0.26% of Huron Consulting Group worth $5,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Huron Consulting Group by 32.7% during the third quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider’s stock valued at $2,019,000 after buying an additional 4,576 shares during the period. Quest Partners LLC boosted its position in Huron Consulting Group by 131.9% during the third quarter. Quest Partners LLC now owns 13,814 shares of the business services provider’s stock worth $1,502,000 after acquiring an additional 7,858 shares during the last quarter. Jennison Associates LLC grew its stake in Huron Consulting Group by 5.7% in the 3rd quarter. Jennison Associates LLC now owns 574,006 shares of the business services provider’s stock worth $62,394,000 after acquiring an additional 31,123 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Huron Consulting Group in the 3rd quarter valued at $457,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the sale, the director now directly owns 56,688 shares of the company’s stock, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C. Mark Hussey sold 27,672 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the completion of the transaction, the chief executive officer now owns 81,118 shares in the company, valued at $11,835,927.38. This represents a 25.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 54,856 shares of company stock worth $7,958,682. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $144.41 on Friday. The business’s 50-day simple moving average is $131.28 and its 200-day simple moving average is $120.54. The firm has a market capitalization of $2.55 billion, a P/E ratio of 31.39 and a beta of 0.53. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $399.31 million for the quarter, compared to analysts’ expectations of $380.62 million. Equities analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Huron Consulting Group 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.