Huron Consulting Group Inc. (NASDAQ:HURN) Short Interest Down 9.8% in December

by · The Cerbat Gem

Huron Consulting Group Inc. (NASDAQ:HURN – Get Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 140,100 shares, a drop of 9.8% from the November 30th total of 155,300 shares. Based on an average daily trading volume, of 82,300 shares, the short-interest ratio is currently 1.7 days. Approximately 0.8% of the company’s stock are sold short.

Insider Activity at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total transaction of $256,840.00. Following the sale, the director now owns 54,825 shares in the company, valued at $7,040,626.50. This represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $122.81, for a total transaction of $127,968.02. Following the completion of the transaction, the director now owns 26,756 shares of the company’s stock, valued at approximately $3,285,904.36. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,084 shares of company stock valued at $752,892 in the last 90 days. Corporate insiders own 2.02% of the company’s stock.

Institutional Trading of Huron Consulting Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of Huron Consulting Group by 33.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,375 shares of the business services provider’s stock worth $726,000 after purchasing an additional 1,855 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of Huron Consulting Group during the second quarter valued at approximately $1,379,000. Victory Capital Management Inc. lifted its holdings in shares of Huron Consulting Group by 435.2% in the second quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock worth $6,370,000 after buying an additional 52,589 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of Huron Consulting Group by 98.0% during the second quarter. Great Lakes Advisors LLC now owns 53,411 shares of the business services provider’s stock worth $5,261,000 after acquiring an additional 26,435 shares during the last quarter. Finally, Quest Partners LLC grew its stake in Huron Consulting Group by 35.2% during the second quarter. Quest Partners LLC now owns 5,956 shares of the business services provider’s stock valued at $587,000 after acquiring an additional 1,552 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Finally, Barrington Research raised their target price on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $133.00.

Check Out Our Latest Report on Huron Consulting Group

Huron Consulting Group Stock Performance

NASDAQ:HURN traded down $0.01 during mid-day trading on Wednesday, hitting $124.26. 97,554 shares of the company traded hands, compared to its average volume of 118,648. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average price is $120.76 and its 200-day moving average price is $110.71. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 27.01 and a beta of 0.60. Huron Consulting Group has a one year low of $84.26 and a one year high of $131.06.

Huron Consulting Group (NASDAQ:HURN – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. Research analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

About Huron Consulting Group

(Get 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 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.

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