Wakefield Asset Management LLLP Trims Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Wakefield Asset Management LLLP lessened its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,420 shares of the business services provider’s stock after selling 109 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Huron Consulting Group were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Securities Inc. bought a new stake in Huron Consulting Group during the 4th quarter valued at $25,000. Covestor Ltd grew its holdings 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 worth $26,000 after acquiring an additional 265 shares in the last quarter. Quest Partners LLC purchased a new position in Huron Consulting Group during the 4th quarter valued at about $97,000. USA Financial Formulas raised its holdings in shares of Huron Consulting Group by 3,273.3% in the 4th quarter. USA Financial Formulas now owns 1,012 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 982 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Huron Consulting Group by 40.6% in the 4th quarter. Assetmark Inc. now owns 1,544 shares of the business services provider’s stock worth $159,000 after purchasing an additional 446 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Trading Down 2.6 %

Huron Consulting Group stock opened at $104.45 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market cap of $1.88 billion, a PE ratio of 30.10 and a beta of 0.61. The stock has a 50-day moving average of $105.49 and a two-hundred day moving average of $98.02. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.48 by $0.20. The business had revenue of $371.70 million during the quarter, compared to analysts’ expectations of $374.33 million. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 EPS. On average, research analysts anticipate that Huron Consulting Group Inc. will post 5.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Huron Consulting Group

In related news, insider Kyle Featherstone sold 820 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $108.07, for a total value of $88,617.40. Following the transaction, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $169,129.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Kyle Featherstone sold 820 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $108.07, for a total transaction of $88,617.40. Following the completion of the sale, the insider now directly owns 1,565 shares in the company, valued at $169,129.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mccartney sold 1,259 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $95.38, for a total value of $120,083.42. Following the transaction, the director now owns 57,988 shares in the company, valued at $5,530,895.44. The disclosure for this sale can be found here. Insiders have sold a total of 45,698 shares of company stock valued at $4,632,298 over the last ninety days. Corporate insiders own 2.02% of the company’s stock.

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.