Huron Consulting Group Inc. (NASDAQ:HURN) CEO C. Mark Hussey Sells 4,000 Shares

Huron Consulting Group Inc. (NASDAQ:HURN) CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $103.13, for a total transaction of $412,520.00. Following the sale, the chief executive officer now directly owns 81,081 shares in the company, valued at approximately $8,361,883.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

C. Mark Hussey also recently made the following trade(s):

• On Friday, July 12th, C. Mark Hussey sold 34,013 shares of Huron Consulting Group stock. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97.

Huron Consulting Group Stock Down 0.9 %

Shares of NASDAQ:HURN traded down $0.96 during midday trading on Wednesday, hitting $103.77. The stock had a trading volume of 9,261 shares, compared to its average volume of 141,190. The company has a quick ratio of 2.40, a current ratio of 1.93 and a debt-to-equity ratio of 0.99. The business’s 50-day simple moving average is $101.97 and its 200-day simple moving average is $97.58. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $115.65. The company has a market cap of $1.87 billion, a P/E ratio of 29.87 and a beta of 0.61.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20. The company had revenue of $371.70 million during the quarter, compared to the consensus estimate of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 earnings per share. On average, sell-side analysts forecast that Huron Consulting Group Inc. will post 5.94 earnings per share for the current fiscal year.

Institutional Trading of Huron Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in Huron Consulting Group during the 4th quarter valued at $25,000. Covestor Ltd lifted its stake in Huron Consulting Group by 26,500.0% during the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 265 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Huron Consulting Group during the 2nd quarter valued at $28,000. International Assets Investment Management LLC bought a new position in Huron Consulting Group during the 4th quarter valued at $42,000. Finally, Quest Partners LLC bought a new position in Huron Consulting Group during the 4th quarter valued at $97,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Truist Financial restated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Thursday, May 16th. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Huron Consulting Group in a report on Thursday, May 23rd. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a report on Wednesday, July 31st. Finally, Barrington Research lifted their price objective on shares of Huron Consulting Group from $133.00 to $137.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Huron Consulting Group has an average rating of “Moderate Buy” and a consensus price target of $131.75.

About Huron Consulting Group

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.