PNC Financial Services Group Inc. lessened its stake in Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) by 34.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,134 shares of the business services provider’s stock after selling 1,634 shares during the period. PNC Financial Services Group Inc.’s holdings in Huron Consulting Group were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the company. Castleark Management LLC boosted its position in shares of Huron Consulting Group by 1.8% in the 4th quarter. Castleark Management LLC now owns 66,110 shares of the business services provider’s stock worth $4,800,000 after purchasing an additional 1,190 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Huron Consulting Group during the fourth quarter worth about $4,171,000. Impax Asset Management Group plc acquired a new position in shares of Huron Consulting Group during the fourth quarter valued at about $9,075,000. Dimensional Fund Advisors LP boosted its stake in Huron Consulting Group by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,612,263 shares of the business services provider’s stock worth $117,050,000 after purchasing an additional 14,172 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Huron Consulting Group during the 4th quarter worth approximately $1,083,000. 93.71% of the stock is currently owned by institutional investors.
Insider Transactions at Huron Consulting Group
In related news, CEO C. Mark Hussey purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were purchased at an average price of $72.48 per share, with a total value of $144,960.00. Following the purchase, the chief executive officer now owns 110,286 shares of the company’s stock, valued at $7,993,529.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO C. Mark Hussey purchased 2,000 shares of Huron Consulting Group stock in a transaction that occurred on Friday, May 5th. The stock was purchased at an average price of $72.48 per share, for a total transaction of $144,960.00. Following the transaction, the chief executive officer now directly owns 110,286 shares in the company, valued at $7,993,529.28. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John D. Kelly acquired 1,500 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average price of $75.29 per share, for a total transaction of $112,935.00. Following the completion of the acquisition, the chief financial officer now owns 47,798 shares in the company, valued at approximately $3,598,711.42. The disclosure for this purchase can be found here. Corporate insiders own 1.85% of the company’s stock.
Huron Consulting Group Stock Up 2.8 %
Shares of HURN opened at $85.13 on Thursday. Huron Consulting Group Inc. has a 52 week low of $56.38 and a 52 week high of $87.44. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.91 and a beta of 0.56. The stock’s 50-day moving average price is $81.25 and its 200-day moving average price is $75.99. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.85.
Huron Consulting Group (NASDAQ:HURN – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. Huron Consulting Group had a net margin of 5.09% and a return on equity of 14.08%. The company had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $299.65 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, sell-side analysts predict that Huron Consulting Group Inc. will post 4.13 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on HURN. StockNews.com initiated coverage on shares of Huron Consulting Group in a research note on Thursday, May 18th. They set a “hold” rating for the company. Benchmark boosted their price target on Huron Consulting Group from $95.00 to $100.00 in a research note on Wednesday, May 3rd. Barrington Research lifted their target price on Huron Consulting Group from $89.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, March 3rd. Finally, Truist Financial increased their price target on shares of Huron Consulting Group from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, March 2nd.
Huron Consulting Group Company Profile
Huron Consulting Group, Inc engages in the provision of technology, data, and analytics solutions. It operates through the following segments: Healthcare, Education, and Commercial. The Healthcare segment focuses on serving acute care providers including national and regional health systems, academic health systems, and community health systems, and public, children, and critical access hospitals, and non-acute care providers including physician practices and medical groups, payors, and long-term care or post-acute providers.
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