Y Intercept Hong Kong Ltd Decreases Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Y Intercept Hong Kong Ltd lessened its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 26.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,761 shares of the business services provider’s stock after selling 1,350 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Huron Consulting Group were worth $409,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HURN. Ashton Thomas Private Wealth LLC bought a new position in Huron Consulting Group in the 2nd quarter valued at $28,000. Assetmark Inc. boosted its holdings in shares of Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after buying an additional 90 shares during the last quarter. Dakota Wealth Management bought a new position in Huron Consulting Group during the second quarter valued at about $219,000. MML Investors Services LLC purchased a new stake in Huron Consulting Group during the third quarter worth about $220,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Huron Consulting Group in the third quarter worth about $264,000. 93.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total value of $247,400.00. Following the transaction, the director now owns 52,825 shares of the company’s stock, valued at approximately $6,534,452.50. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group 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 sale, the director now directly owns 28,840 shares of the company’s stock, valued at $3,122,506.80. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,126 shares of company stock worth $865,710 in the last quarter. 2.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HURN. Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday, October 30th. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research boosted their target price on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $133.00.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $121.95 on Tuesday. The company’s 50 day moving average is $117.49 and its 200-day moving average is $108.58. The firm has a market cap of $2.16 billion, a P/E ratio of 26.51 and a beta of 0.60. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month 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.

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

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.