Hussman Strategic Advisors Inc. Makes New Investment in Huron Consulting Group Inc. $HURN

Hussman Strategic Advisors Inc. acquired a new position in Huron Consulting Group Inc. (NASDAQ:HURN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,300 shares of the business services provider’s stock, valued at approximately $925,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HURN. Richardson Financial Services Inc. lifted its stake in Huron Consulting Group by 68.1% in the third quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock worth $29,000 after purchasing an additional 79 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Huron Consulting Group in the second quarter worth about $41,000. McIlrath & Eck LLC purchased a new position in shares of Huron Consulting Group in the third quarter worth about $46,000. EverSource Wealth Advisors LLC lifted its stake in shares of Huron Consulting Group by 1,018.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 336 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Huron Consulting Group by 725.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 421 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 370 shares during the period. Institutional investors own 93.90% of the company’s stock.

Insiders Place Their Bets

In other news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $164.57, for a total value of $329,140.00. Following the completion of the sale, the director directly owned 35,304 shares of the company’s stock, valued at approximately $5,809,979.28. This trade represents a 5.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Mccartney sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $161.44, for a total transaction of $1,049,360.00. Following the transaction, the director owned 43,317 shares in the company, valued at $6,993,096.48. This represents a 13.05% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,458 shares of company stock worth $2,212,726. Company insiders own 2.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on HURN shares. Wedbush raised their price target on Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research note on Thursday, January 22nd. Truist Financial raised their target price on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Barrington Research upped their price target on shares of Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Huron Consulting Group has an average rating of “Buy” and an average target price of $215.50.

Huron Consulting Group Price Performance

Shares of HURN stock opened at $169.22 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.44 and a current ratio of 1.44. Huron Consulting Group Inc. has a fifty-two week low of $120.25 and a fifty-two week high of $186.77. The firm has a market cap of $2.92 billion, a P/E ratio of 28.35 and a beta of 0.11. The business’s 50 day moving average price is $174.77 and its 200-day moving average price is $154.90.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.24. The company had revenue of $441.28 million during the quarter, compared to analyst estimates of $418.13 million. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. On average, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Huron Consulting Group Company Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.