Harbor Capital Advisors Inc. Lowers Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

by · The Cerbat Gem

Harbor Capital Advisors Inc. lowered its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) by 7.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,537 shares of the business services provider’s stock after selling 935 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.06% of Huron Consulting Group worth $1,202,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth approximately $35,000. West Tower Group LLC acquired a new stake in Huron Consulting Group during the 2nd quarter worth approximately $53,000. Money Concepts Capital Corp acquired a new stake in Huron Consulting Group during the 4th quarter worth approximately $56,000. Penserra Capital Management LLC acquired a new stake in Huron Consulting Group during the 2nd quarter worth approximately $73,000. Finally, Lazard Asset Management LLC acquired a new stake in Huron Consulting Group during the 1st quarter worth approximately $68,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Insider Buying and Selling

In related news, CEO C. Mark Hussey sold 4,000 shares of Huron Consulting Group stock in a transaction on Monday, December 11th. The shares were sold at an average price of $104.51, for a total transaction of $418,040.00. Following the sale, the chief executive officer now directly owns 106,286 shares in the company, valued at approximately $11,107,949.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO C. Mark Hussey sold 4,000 shares of Huron Consulting Group stock in a transaction on Monday, December 11th. The shares were sold at an average price of $104.51, for a total transaction of $418,040.00. Following the sale, the chief executive officer now directly owns 106,286 shares in the company, valued at approximately $11,107,949.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $98.37, for a total transaction of $196,740.00. Following the sale, the director now owns 76,331 shares in the company, valued at $7,508,680.47. The disclosure for this sale can be found here. Insiders have sold 16,514 shares of company stock worth $1,719,700 in the last ninety days. 2.02% of the stock is owned by corporate insiders.

Huron Consulting Group Price Performance

Shares of HURN opened at $102.80 on Friday. Huron Consulting Group Inc. has a twelve month low of $66.51 and a twelve month high of $113.31. The firm’s fifty day simple moving average is $102.63 and its 200-day simple moving average is $97.53. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 26.36 and a beta of 0.58. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.65.

Huron Consulting Group (NASDAQ:HURN – Get Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.21. Huron Consulting Group had a net margin of 5.60% and a return on equity of 17.16%. The business had revenue of $358.18 million for the quarter, compared to analyst estimates of $331.04 million. Equities analysts forecast that Huron Consulting Group Inc. will post 4.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HURN. Truist Financial increased their target price on shares of Huron Consulting Group from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 27th. Barrington Research increased their target price on shares of Huron Consulting Group from $120.00 to $128.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Finally, StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Friday, November 17th.

View Our Latest Research Report on HURN

Huron Consulting Group Profile

(Free Report)

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 advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; financial advisory; software products; and digital solutions, spanning technology and analytic-related services to national and regional health systems, academic and community health systems, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.

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