Huron Consulting Group (NASDAQ:HURN) Sets New 12-Month High at $68.71

Huron Consulting Group (NASDAQ:HURN) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $68.71 and last traded at $68.64, with a volume of 4420 shares traded. The stock had previously closed at $66.76.

HURN has been the subject of a number of analyst reports. SunTrust Banks raised their target price on shares of Huron Consulting Group to $74.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Barrington Research boosted their price target on shares of Huron Consulting Group from $68.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Zacks Investment Research upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Thursday, October 31st. ValuEngine downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a report on Thursday, September 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Huron Consulting Group currently has an average rating of “Buy” and an average price target of $69.50.

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $64.30 and its two-hundred day moving average is $58.02. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 1.92 and a beta of -0.08.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. Huron Consulting Group had a net margin of 3.25% and a return on equity of 10.40%. The company had revenue of $219.30 million during the quarter, compared to the consensus estimate of $211.59 million. During the same quarter last year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, analysts anticipate that Huron Consulting Group will post 2.58 EPS for the current year.

In related news, Director John Mccartney sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $66.12, for a total value of $66,120.00. Following the sale, the director now owns 63,241 shares in the company, valued at approximately $4,181,494.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $62.90, for a total value of $1,100,750.00. Following the sale, the chief executive officer now directly owns 189,795 shares of the company’s stock, valued at approximately $11,938,105.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,164 shares of company stock valued at $1,739,823. Insiders own 2.86% of the company’s stock.

Several large investors have recently added to or reduced their stakes in HURN. Bessemer Group Inc. boosted its stake in Huron Consulting Group by 3.7% in the 2nd quarter. Bessemer Group Inc. now owns 59,400 shares of the business services provider’s stock valued at $2,993,000 after purchasing an additional 2,100 shares during the period. SG Americas Securities LLC grew its stake in shares of Huron Consulting Group by 489.4% in the second quarter. SG Americas Securities LLC now owns 33,780 shares of the business services provider’s stock valued at $1,702,000 after acquiring an additional 28,049 shares in the last quarter. Alpha Windward LLC bought a new position in Huron Consulting Group during the second quarter worth about $533,000. Aperio Group LLC bought a new position in Huron Consulting Group during the second quarter worth about $185,000. Finally, Wedge Capital Management L L P NC acquired a new stake in Huron Consulting Group in the 2nd quarter worth about $210,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.

About Huron Consulting Group (NASDAQ:HURN)

Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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