Huron Consulting Group Inc. (NASDAQ:HURN) Shares Acquired by Quest Partners LLC

Quest Partners LLC grew its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 131.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,814 shares of the business services provider’s stock after buying an additional 7,858 shares during the quarter. Quest Partners LLC’s holdings in Huron Consulting Group were worth $1,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Natixis Advisors LLC lifted its holdings in shares of Huron Consulting Group by 32.7% in the 3rd quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider’s stock valued at $2,019,000 after buying an additional 4,576 shares during the period. Chartwell Investment Partners LLC raised its holdings in Huron Consulting Group by 43.3% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,196 shares of the business services provider’s stock worth $891,000 after purchasing an additional 2,477 shares during the period. Assetmark Inc. raised its holdings in Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the period. Olympiad Research LP acquired a new position in Huron Consulting Group in the 3rd quarter worth about $299,000. Finally, Principal Financial Group Inc. raised its holdings in Huron Consulting Group by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock worth $41,308,000 after purchasing an additional 17,146 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

NASDAQ:HURN opened at $120.30 on Wednesday. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $131.06. The stock has a 50 day moving average of $111.60 and a two-hundred day moving average of $103.75. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.13 billion, a P/E ratio of 26.15 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to analyst estimates 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 for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. On average, analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the transaction, the director now directly owns 28,840 shares in the company, valued at approximately $3,122,506.80. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the transaction, the director now owns 54,825 shares in the company, valued at $7,040,626.50. This trade represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,126 shares of company stock worth $604,420. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.