Legal & General Group Plc bought a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 16,252 shares of the business services provider’s stock, valued at approximately $1,465,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HURN. Strs Ohio acquired a new position in Huron Consulting Group in the fourth quarter valued at about $35,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Huron Consulting Group during the third quarter worth about $35,000. Advisory Services Network LLC acquired a new stake in shares of Huron Consulting Group during the third quarter worth about $36,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Huron Consulting Group during the fourth quarter worth about $39,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Huron Consulting Group by 11,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 238 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.
Huron Consulting Group Price Performance
Shares of NASDAQ HURN opened at $155.27 on Monday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71. The business has a 50-day moving average of $134.53 and a 200-day moving average of $125.44. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 23.24 and a beta of 0.07. Huron Consulting Group Inc. has a fifty-two week low of $84.88 and a fifty-two week high of $186.77.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on HURN. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Zacks Research raised shares of Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Truist Financial reduced their price target on shares of Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Weiss Ratings raised shares of Huron Consulting Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $184.25.
Check Out Our Latest Stock Analysis on HURN
Insider Buying and Selling
In other Huron Consulting Group news, CEO C. Hussey sold 24,072 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the sale, the chief executive officer directly owned 74,399 shares of the company’s stock, valued at approximately $12,319,730.41. This represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $152.67, for a total transaction of $70,075.53. Following the completion of the sale, the insider owned 1,050 shares of the company’s stock, valued at approximately $160,303.50. This represents a 30.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.07% of the company’s stock.
Huron Consulting Group Company Profile
Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.
Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.
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