Huron Consulting Group Inc. (HURN) Sees Unusually-High Trading Volume
Huron Consulting Group Inc. (NASDAQ:HURN) 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 equities research analysts have recently issued reports on HURN shares. Zacks Investment Research raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Thursday, May 5th. Barrington Research increased their price target on shares of Huron Consulting Group from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.00.
The firm’s 50 day moving average is $61.96 and its 200 day moving average is $58.20. The stock has a market capitalization of $1.31 billion and a price-to-earnings ratio of 22.90.
Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.29. The company had revenue of $184.26 million for the quarter, compared to the consensus estimate of $186.50 million. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities analysts expect that Huron Consulting Group Inc. will post $3.42 earnings per share for the current fiscal year.
In other news, Director John S. Moody sold 441 shares of Huron Consulting Group stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $60.83, for a total transaction of $26,826.03. Following the sale, the director now owns 20,564 shares in the company, valued at $1,250,908.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James H. Roth sold 7,500 shares of Huron Consulting Group stock in a transaction that occurred on Monday, August 15th. The shares were 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 in the company, valued at approximately $10,569,590.65. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Huron Consulting Group stock. Comerica Bank increased its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 30.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,514 shares of the company’s stock after buying an additional 5,425 shares during the period. Comerica Bank owned 0.11% of Huron Consulting Group worth $1,303,000 at the end of the most recent reporting period.
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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