BidaskClub Lowers Huron Consulting Group (NASDAQ:HURN) to Hold

BidaskClub lowered shares of Huron Consulting Group (NASDAQ:HURN) from a buy rating to a hold rating in a research report released on Friday, BidAskClub reports.

HURN has been the topic of several other research reports. SunTrust Banks boosted their price target on Huron Consulting Group from $74.00 to $80.00 and gave the stock a buy rating in a research note on Monday, January 6th. Zacks Investment Research lowered Huron Consulting Group from a strong-buy rating to a hold rating in a research note on Wednesday, January 1st. ValuEngine lowered Huron Consulting Group from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Barrington Research boosted their price target on Huron Consulting Group from $68.00 to $76.00 and gave the stock an outperform rating in a research note on Thursday, October 31st. Finally, William Blair reissued an outperform rating on shares of Huron Consulting Group in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $71.00.

Shares of NASDAQ:HURN opened at $70.39 on Friday. The business’s 50 day simple moving average is $68.64 and its 200-day simple moving average is $61.94. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.85 and a beta of -0.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.65 and a quick ratio of 0.65. Huron Consulting Group has a 12 month low of $44.78 and a 12 month high of $70.91.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.13. The business had revenue of $219.30 million for the quarter, compared to analyst estimates of $211.59 million. Huron Consulting Group had a return on equity of 10.40% and a net margin of 3.25%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 EPS. On average, equities analysts anticipate that Huron Consulting Group will post 2.58 earnings per share for the current year.

In related news, Director John Mccartney sold 1,000 shares of Huron Consulting Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $66.12, for a total transaction of $66,120.00. Following the completion of the transaction, the director now directly owns 63,241 shares in the company, valued at approximately $4,181,494.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane E. Ratekin sold 7,904 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $66.59, for a total value of $526,327.36. Following the transaction, the executive vice president now owns 35,943 shares of the company’s stock, valued at $2,393,444.37. The disclosure for this sale can be found here. Insiders have sold a total of 9,664 shares of company stock worth $644,659 in the last three months. Corporate insiders own 2.86% of the company’s stock.

Several institutional investors have recently modified their holdings of HURN. First Trust Advisors LP purchased a new stake in Huron Consulting Group in the 3rd quarter worth approximately $449,000. Russell Investments Group Ltd. purchased a new position in Huron Consulting Group during the 3rd quarter worth $358,000. Voya Investment Management LLC boosted its holdings in Huron Consulting Group by 2,794.2% during the 3rd quarter. Voya Investment Management LLC now owns 268,119 shares of the business services provider’s stock worth $16,447,000 after acquiring an additional 258,855 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Huron Consulting Group by 50.4% during the 3rd quarter. Squarepoint Ops LLC now owns 35,001 shares of the business services provider’s stock worth $2,147,000 after purchasing an additional 11,723 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of Huron Consulting Group by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 34,944 shares of the business services provider’s stock worth $2,143,000 after purchasing an additional 417 shares during the period. Hedge funds and other institutional investors own 88.48% of the company’s stock.

Huron Consulting Group Company Profile

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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