Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd trimmed its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 22.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,579 shares of the business services provider’s stock after selling 761 shares during the quarter. Point72 DIFC Ltd’s holdings in Huron Consulting Group were worth $254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd boosted its position in shares of Huron Consulting Group by 26,500.0% in the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after buying an additional 265 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Huron Consulting Group in the second quarter valued at $28,000. Quest Partners LLC purchased a new position in shares of Huron Consulting Group in the fourth quarter valued at $97,000. Assetmark Inc. grew its holdings in Huron Consulting Group by 40.6% during the 4th quarter. Assetmark Inc. now owns 1,544 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 446 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Huron Consulting Group by 800.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the business services provider’s stock worth $174,000 after buying an additional 1,600 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Stock Down 0.2 %

Shares of Huron Consulting Group stock opened at $108.10 on Friday. The business has a 50-day moving average price of $107.34 and a 200 day moving average price of $98.63. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $115.65. The firm has a market cap of $1.95 billion, a P/E ratio of 31.15 and a beta of 0.61. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.99.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.20. The firm had revenue of $371.70 million for the quarter, compared to analysts’ expectations of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $1.38 earnings per share. On average, sell-side analysts forecast that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HURN shares. StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, July 31st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $137.00 target price on shares of Huron Consulting Group in a research report on Monday, September 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Huron Consulting Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

Insider Transactions at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.48, for a total transaction of $114,078.16. Following the sale, the director now owns 29,882 shares in the company, valued at $3,271,481.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total value of $88,617.40. Following the sale, the insider now owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.48, for a total value of $114,078.16. Following the transaction, the director now owns 29,882 shares of the company’s stock, valued at approximately $3,271,481.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,439 shares of company stock worth $4,512,214. 2.02% of the stock is currently owned by insiders.

Huron Consulting Group Company Profile

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.