Huron Consulting Group Inc. (HURN) Sees Unusually-High Trading Volume
Huron Consulting Group Inc. (NASDAQ:HURN) shares saw unusually-strong trading volume on Thursday . Approximately 115,885 shares changed hands during mid-day trading, an increase of 0% from the previous session’s volume of 115,827 shares.The stock last traded at $61.55 and had previously closed at $61.94.
A number of analysts have recently weighed in on HURN shares. Zacks Investment Research cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Barrington Research raised their target price on Huron Consulting Group from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $70.00.
The stock has a 50-day moving average price of $61.91 and a 200 day moving average price of $58.16. The stock has a market capitalization of $1.30 billion and a P/E ratio of 22.74.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.09 earnings per share 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 analysts’ expectations of $186.50 million. During the same period in the prior year, the company posted $1.14 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Huron Consulting Group Inc. will post $3.42 earnings per share for the current fiscal year.
In other news, CEO James H. Roth sold 7,500 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $60.89, for a total transaction of $456,675.00. Following the sale, the chief executive officer now owns 173,585 shares of the company’s stock, valued at $10,569,590.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John S. Moody sold 441 shares of the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $60.83, for a total value of $26,826.03. Following the sale, the director now directly owns 20,564 shares in the company, valued at approximately $1,250,908.12. The disclosure for this sale can be found here.
Several hedge funds recently bought and sold shares of HURN. Nationwide Fund Advisors raised its stake in Huron Consulting Group by 0.9% in the fourth quarter. Nationwide Fund Advisors now owns 18,327 shares of the company’s stock worth $1,089,000 after buying an additional 172 shares in the last quarter. Comerica Bank raised its stake in Huron Consulting Group by 30.0% in the fourth quarter. Comerica Bank now owns 23,514 shares of the company’s stock worth $1,303,000 after buying an additional 5,425 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Huron Consulting Group by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 967,482 shares of the company’s stock worth $57,468,000 after buying an additional 65,395 shares in the last quarter.
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, which consists of any line of business not managed by its other operating segments.
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