StockNews.com Lowers Huron Consulting Group (NASDAQ:HURN) to Sell

Huron Consulting Group (NASDAQ:HURN) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other analysts have also issued reports about the stock. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a research note on Thursday, May 16th. Barrington Research restated an “outperform” rating and set a $133.00 price target on shares of Huron Consulting Group in a report on Tuesday, May 28th. Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Monday, July 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.75.

Huron Consulting Group Stock Up 1.5 %

Shares of HURN traded up $1.62 during midday trading on Friday, hitting $110.92. The company had a trading volume of 141,651 shares, compared to its average volume of 136,337. The company’s 50 day moving average price is $96.81 and its 200 day moving average price is $97.38. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 31.97 and a beta of 0.61. Huron Consulting Group has a 52 week low of $77.99 and a 52 week high of $113.31. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.13.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.35. The company had revenue of $355.96 million during the quarter, compared to the consensus estimate of $348.80 million. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS. On average, equities research analysts predict that Huron Consulting Group will post 5.83 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $89.00, for a total transaction of $26,700.00. Following the completion of the sale, the director now owns 57,988 shares in the company, valued at approximately $5,160,932. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO C. Mark Hussey sold 34,013 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the transaction, the chief executive officer now owns 85,081 shares in the company, valued at $8,566,805.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mccartney sold 300 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $89.00, for a total transaction of $26,700.00. Following the completion of the sale, the director now directly owns 57,988 shares in the company, valued at approximately $5,160,932. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,172 shares of company stock valued at $3,628,318. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Securities Inc. acquired a new position in shares of Huron Consulting Group in the fourth quarter valued at about $25,000. Covestor Ltd raised its holdings 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 worth $26,000 after purchasing an additional 265 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $42,000. Quest Partners LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $97,000. Finally, Headlands Technologies LLC grew its position in Huron Consulting Group by 2,020.0% in the 4th quarter. Headlands Technologies LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 909 shares during the period. 93.90% 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, 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.