Huron Consulting Group Inc. $HURN Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 21.8% in the 1st quarter, Holdings Channel reports. The firm owned 35,600 shares of the business services provider’s stock after selling 9,934 shares during the period. Great Lakes Advisors LLC’s holdings in Huron Consulting Group were worth $5,107,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HURN. Nuveen LLC acquired a new stake in Huron Consulting Group in the 1st quarter valued at approximately $38,511,000. Driehaus Capital Management LLC acquired a new position in shares of Huron Consulting Group in the first quarter worth $13,822,000. Algert Global LLC grew its stake in shares of Huron Consulting Group by 657.0% in the first quarter. Algert Global LLC now owns 80,965 shares of the business services provider’s stock worth $11,614,000 after acquiring an additional 70,270 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Huron Consulting Group by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock worth $28,538,000 after acquiring an additional 68,891 shares in the last quarter. Finally, Trexquant Investment LP grew its stake in shares of Huron Consulting Group by 234.6% in the first quarter. Trexquant Investment LP now owns 67,219 shares of the business services provider’s stock worth $9,643,000 after acquiring an additional 47,128 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $139.58 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average price of $134.58 and a 200 day moving average price of $139.86. The company has a market cap of $2.42 billion, a P/E ratio of 24.36 and a beta of 0.32. Huron Consulting Group Inc. has a 12 month low of $102.58 and a 12 month high of $155.00.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Thursday, July 31st. The business services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.10. The firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a net margin of 6.60% and a return on equity of 25.52%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on HURN. Barrington Research boosted their price target on shares of Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $171.50.

Insider Activity

In related news, Director H Eugene Lockhart sold 1,040 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total transaction of $142,209.60. Following the completion of the transaction, the director owned 8,162 shares in the company, valued at approximately $1,116,071.88. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kyle Featherstone sold 375 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $135.73, for a total transaction of $50,898.75. Following the transaction, the insider owned 1,311 shares of the company’s stock, valued at approximately $177,942.03. The trade was a 22.24% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,211 shares of company stock worth $967,191. 2.15% of the stock is currently owned by company 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.