Huron Consulting Group Inc. (HURN) Stake Lowered by Eagle Asset Management Inc.
Eagle Asset Management Inc. decreased its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 4.9% during the third quarter, Holdings Channel reports. The institutional investor owned 247,097 shares of the company’s stock after selling 12,613 shares during the period. Eagle Asset Management Inc.’s holdings in Huron Consulting Group were worth $14,766,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Huron Consulting Group during the second quarter valued at $109,000. Acrospire Investment Management LLC boosted its stake in Huron Consulting Group by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock valued at $109,000 after buying an additional 900 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its stake in Huron Consulting Group by 5.6% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,900 shares of the company’s stock valued at $115,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Huron Consulting Group by 93.4% in the third quarter. BNP Paribas Arbitrage SA now owns 1,988 shares of the company’s stock valued at $119,000 after buying an additional 960 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Huron Consulting Group by 3.4% in the second quarter. US Bancorp DE now owns 2,089 shares of the company’s stock valued at $126,000 after buying an additional 69 shares in the last quarter. 95.73% of the stock is owned by institutional investors and hedge funds.
Shares of Huron Consulting Group Inc. (NASDAQ:HURN) traded up 0.38% on Wednesday, reaching $52.45. The company’s stock had a trading volume of 28,630 shares. Huron Consulting Group Inc. has a 12 month low of $41.20 and a 12 month high of $65.00. The stock has a market cap of $1.11 billion, a P/E ratio of 21.53 and a beta of 0.39. The firm’s 50-day moving average price is $53.18 and its 200-day moving average price is $58.77.
Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. Huron Consulting Group had a return on equity of 12.26% and a net margin of 6.56%. The company earned $183.40 million during the quarter, compared to analyst estimates of $191.07 million. During the same quarter last year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts forecast that Huron Consulting Group Inc. will post $3.31 earnings per share for the current fiscal year.
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HURN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, September 28th. TheStreet downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $68.33.
In related news, Director John S. Moody sold 690 shares of Huron Consulting Group stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $59.40, for a total value of $40,986.00. Following the completion of the sale, the director now owns 19,624 shares of the company’s stock, valued at approximately $1,165,665.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.60% of the stock is 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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