Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.15 and last traded at $66.15, with a volume of 116 shares traded. The stock had previously closed at $65.80.
Analyst Ratings Changes
HURN has been the subject of several research reports. TheStreet raised Huron Consulting Group from a “c+” rating to a “b-” rating in a research report on Thursday, April 21st. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 17th. Finally, Barrington Research increased their price objective on Huron Consulting Group from $72.00 to $75.00 in a research report on Friday, May 6th.
Huron Consulting Group Stock Up 0.4 %
The business has a 50 day moving average of $61.84 and a 200 day moving average of $53.23. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 16.73 and a beta of 0.60.
Huron Consulting Group (NASDAQ:HURN – Get Rating) last issued its earnings results on Thursday, July 28th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $273.33 million during the quarter, compared to analyst estimates of $253.19 million. Huron Consulting Group had a return on equity of 10.67% and a net margin of 8.56%. Huron Consulting Group’s revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities analysts anticipate that Huron Consulting Group Inc. will post 3.2 EPS for the current year.
Insider Activity at Huron Consulting Group
In related news, CEO James H. Roth sold 16,000 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $60.38, for a total value of $966,080.00. Following the completion of the transaction, the chief executive officer now directly owns 107,230 shares in the company, valued at $6,474,547.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.02% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of HURN. Lazard Asset Management LLC acquired a new position in Huron Consulting Group during the first quarter worth $68,000. Simplex Trading LLC raised its stake in Huron Consulting Group by 137.7% during the first quarter. Simplex Trading LLC now owns 1,678 shares of the business services provider’s stock worth $76,000 after acquiring an additional 6,125 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Huron Consulting Group during the first quarter worth $82,000. IMA Wealth Inc. acquired a new position in Huron Consulting Group during the fourth quarter worth $95,000. Finally, Point72 Hong Kong Ltd acquired a new position in Huron Consulting Group during the first quarter worth $116,000. 92.94% of the stock is currently owned by institutional investors and hedge funds.
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, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans.
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