Huron Consulting Group Inc. (HURN) Shares Down 3.1%
Huron Consulting Group Inc. (NASDAQ:HURN) shares were down 3.1% on Wednesday . The stock traded as low as $61.38 and last traded at $62.44, with a volume of 113,966 shares traded. The stock had previously closed at $64.46.
Separately, Zacks Investment Research upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Thursday, May 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $70.00.
The stock has a market cap of $1.32 billion and a price-to-earnings ratio of 21.87. The firm has a 50-day moving average of $61.35 and a 200-day moving average of $57.51.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.29. The company earned $184.26 million during the quarter, compared to the consensus estimate of $186.50 million. During the same quarter last year, the company posted $1.14 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts predict that Huron Consulting Group Inc. will post $3.34 EPS for the current year.
In other Huron Consulting Group news, Director John S. Moody sold 441 shares of the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $60.83, for a total value of $26,826.03. Following the completion of the transaction, the director now directly owns 20,564 shares in the company, valued at approximately $1,250,908.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Other hedge funds and institutional investors recently modified their holdings of the company. Nationwide Fund Advisors raised its position in shares of Huron Consulting Group by 0.9% in the fourth quarter. Nationwide Fund Advisors now owns 18,327 shares of the company’s stock valued at $1,089,000 after buying an additional 172 shares during the period. California State Teachers Retirement System raised its position in shares of Huron Consulting Group by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,953 shares of the company’s stock valued at $2,551,000 after buying an additional 752 shares during the period. Rhumbline Advisers raised its position in shares of Huron Consulting Group by 3.3% in the fourth quarter. Rhumbline Advisers now owns 37,420 shares of the company’s stock valued at $2,223,000 after buying an additional 1,190 shares during the period. American Capital Management Inc. raised its position in shares of Huron Consulting Group by 0.9% in the fourth quarter. American Capital Management Inc. now owns 161,681 shares of the company’s stock valued at $9,604,000 after buying an additional 1,433 shares during the period. Finally, Comerica Bank raised its position in shares of Huron Consulting Group by 30.0% in the fourth quarter. Comerica Bank now owns 23,514 shares of the company’s stock valued at $1,303,000 after buying an additional 5,425 shares during the 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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