Hussman Strategic Advisors Inc. Takes $925,000 Position in Huron Consulting Group Inc. $HURN

Hussman Strategic Advisors Inc. purchased a new position in Huron Consulting Group Inc. (NASDAQ:HURN) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 6,300 shares of the business services provider’s stock, valued at approximately $925,000.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp bought a new position in Huron Consulting Group during the 2nd quarter valued at approximately $959,000. Ritholtz Wealth Management bought a new stake in Huron Consulting Group in the second quarter worth $499,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Huron Consulting Group in the second quarter worth $1,481,000. Meritage Portfolio Management bought a new position in shares of Huron Consulting Group during the second quarter valued at $610,000. Finally, Sunriver Management LLC increased its holdings in shares of Huron Consulting Group by 10.6% during the second quarter. Sunriver Management LLC now owns 378,211 shares of the business services provider’s stock valued at $52,019,000 after acquiring an additional 36,303 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Down 0.4%

Shares of Huron Consulting Group stock opened at $169.22 on Thursday. Huron Consulting Group Inc. has a twelve month low of $120.25 and a twelve month high of $186.77. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average is $174.77 and its 200 day moving average is $154.90. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 28.35 and a beta of 0.11.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, October 28th. The business services provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.24. The business had revenue of $441.28 million during the quarter, compared to the consensus estimate of $418.13 million. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. Research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HURN. Truist Financial upped their price target on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Benchmark lifted their target price on shares of Huron Consulting Group from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, December 24th. Barrington Research upped their target price on shares of Huron Consulting Group from $190.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $215.50.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 6,500 shares of Huron Consulting Group stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $161.44, for a total value of $1,049,360.00. Following the completion of the sale, the director owned 43,317 shares of the company’s stock, valued at $6,993,096.48. The trade was a 13.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $164.57, for a total value of $329,140.00. Following the sale, the director owned 35,304 shares of the company’s stock, valued at approximately $5,809,979.28. This trade represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 13,458 shares of company stock worth $2,212,726. Company insiders own 2.15% of the company’s stock.

Huron Consulting Group Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.