Huron Consulting Group (NASDAQ:HURN) Sets New 52-Week High – Here’s Why

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) hit a new 52-week high during trading on Thursday . The stock traded as high as $132.95 and last traded at $131.44, with a volume of 45577 shares. The stock had previously closed at $127.90.

Analyst Ratings Changes

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

Huron Consulting Group Stock Performance

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 is $124.02 and its two-hundred day moving average is $114.69. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 28.70 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $377.63 million. During the same period in the previous year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the sale, the director now owns 54,825 shares of the company’s stock, valued at approximately $7,040,626.50. The trade was a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $124.65, for a total transaction of $62,325.00. Following the completion of the sale, the director now directly owns 56,688 shares of the company’s stock, valued at approximately $7,066,159.20. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,584 shares of company stock valued at $1,062,597 over the last ninety days. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of Huron Consulting Group

Several institutional investors have recently added to or reduced their stakes in HURN. Bank of Montreal Can boosted its holdings in Huron Consulting Group by 121.8% in the second quarter. Bank of Montreal Can now owns 7,014 shares of the business services provider’s stock valued at $694,000 after acquiring an additional 3,851 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Huron Consulting Group during the 2nd quarter worth approximately $999,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Huron Consulting Group during the 2nd quarter worth approximately $2,226,000. Handelsbanken Fonder AB boosted its holdings in shares of Huron Consulting Group by 11.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,800 shares of the business services provider’s stock worth $413,000 after buying an additional 400 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Huron Consulting Group by 10.5% during the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after buying an additional 246 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

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.