Atria Investments Inc Cuts Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Atria Investments Inc lessened its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,809 shares of the business services provider’s stock after selling 347 shares during the period. Atria Investments Inc’s holdings in Huron Consulting Group were worth $414,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HURN. Covestor Ltd grew its stake in Huron Consulting Group by 26,500.0% during the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 265 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Huron Consulting Group in the 2nd quarter valued at about $28,000. Assetmark Inc. boosted its holdings in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 90 shares during the last quarter. Dakota Wealth Management acquired a new position in Huron Consulting Group in the 2nd quarter valued at about $219,000. Finally, Creative Planning boosted its holdings in Huron Consulting Group by 10.5% in the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $122.01 on Friday. The firm has a market cap of $2.16 billion, a PE ratio of 26.52 and a beta of 0.60. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $131.06. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $111.91 and its two-hundred day moving average is $103.86.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. During the same period in the prior year, the business earned $1.39 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total value of $112,817.34. Following the transaction, the director now directly owns 28,840 shares of the company’s stock, valued at $3,122,506.80. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total transaction of $256,840.00. Following the sale, the director now owns 54,825 shares of the company’s stock, valued at approximately $7,040,626.50. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,126 shares of company stock valued at $604,420. Insiders own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HURN shares. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research upped their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $133.00.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.