Huron Consulting Group Inc. (HURN) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC reduced its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 61.0% during the second quarter, Holdings Channel reports. The firm owned 13,639 shares of the business services provider’s stock after selling 21,351 shares during the period. Stoneridge Investment Partners LLC’s holdings in Huron Consulting Group were worth $589,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Huron Consulting Group by 81.2% in the first quarter. Victory Capital Management Inc. now owns 2,961 shares of the business services provider’s stock worth $125,000 after buying an additional 1,327 shares during the period. Quantbot Technologies LP boosted its stake in shares of Huron Consulting Group by 18.1% in the first quarter. Quantbot Technologies LP now owns 3,823 shares of the business services provider’s stock worth $160,000 after buying an additional 585 shares during the period. SG Americas Securities LLC boosted its stake in shares of Huron Consulting Group by 72.0% in the first quarter. SG Americas Securities LLC now owns 4,006 shares of the business services provider’s stock worth $169,000 after buying an additional 1,677 shares during the period. Bank of Montreal Can purchased a new stake in shares of Huron Consulting Group during the second quarter worth about $177,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Huron Consulting Group during the first quarter worth about $238,000. 92.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Huron Consulting Group Inc. (HURN) opened at 33.10 on Friday. The firm’s 50-day moving average price is $40.06 and its 200-day moving average price is $42.46. The firm’s market capitalization is $711.39 million. Huron Consulting Group Inc. has a 52-week low of $32.85 and a 52-week high of $64.00.
Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.18. Huron Consulting Group had a negative net margin of 15.94% and a positive return on equity of 8.83%. The company had revenue of $181.40 million during the quarter, compared to analyst estimates of $191.83 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts predict that Huron Consulting Group Inc. will post $2.23 earnings per share for the current fiscal year.
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HURN has been the subject of a number of recent research reports. TheStreet cut Huron Consulting Group from a “c” rating to a “d+” rating in a research report on Monday, July 31st. Zacks Investment Research cut Huron Consulting Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 31st. Benchmark Co. initiated coverage on Huron Consulting Group in a research report on Tuesday, May 23rd. They set a “hold” rating for the company. Finally, ValuEngine cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.
In other Huron Consulting Group news, Director James D. Edwards sold 602 shares of Huron Consulting Group stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.32, for a total value of $26,078.64. Following the completion of the transaction, the director now directly owns 22,730 shares in the company, valued at $984,663.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.
Huron Consulting Group Company Profile
Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.
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