Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 380,300 shares, a decrease of 10.1% from the August 15th total of 423,000 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 151,400 shares, the days-to-cover ratio is presently 2.5 days.
Insider Transactions at Huron Consulting Group
In other news, Director H Eugene Lockhart sold 3,000 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $67.60, for a total transaction of $202,800.00. Following the completion of the transaction, the director now owns 36,907 shares in the company, valued at approximately $2,494,913.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Kyle Featherstone sold 448 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $67.32, for a total transaction of $30,159.36. Following the sale, the insider now owns 2,172 shares of the company’s stock, valued at approximately $146,219.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Eugene Lockhart sold 3,000 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $67.60, for a total value of $202,800.00. Following the sale, the director now directly owns 36,907 shares in the company, valued at approximately $2,494,913.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,730 shares of company stock worth $251,202. 2.02% of the stock is owned by company insiders.
Hedge Funds Weigh In On Huron Consulting Group
Large investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in Huron Consulting Group during the first quarter valued at approximately $68,000. US Bancorp DE lifted its holdings in shares of Huron Consulting Group by 236.1% in the 2nd quarter. US Bancorp DE now owns 1,126 shares of the business services provider’s stock worth $74,000 after acquiring an additional 791 shares during the last quarter. Simplex Trading LLC lifted its holdings in shares of Huron Consulting Group by 137.7% in the 1st quarter. Simplex Trading LLC now owns 1,678 shares of the business services provider’s stock worth $76,000 after acquiring an additional 6,125 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Huron Consulting Group in the 1st quarter worth approximately $82,000. Finally, IMA Wealth Inc. bought a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $95,000. 93.74% of the stock is owned by hedge funds and other institutional investors.
Huron Consulting Group Stock Performance
NASDAQ:HURN opened at $65.35 on Monday. The business’s 50-day moving average price is $66.55 and its two-hundred day moving average price is $58.78. Huron Consulting Group has a twelve month low of $42.66 and a twelve month high of $72.67. The stock has a market cap of $1.36 billion, a P/E ratio of 16.26 and a beta of 0.58. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.59.
Huron Consulting Group (NASDAQ:HURN – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. Huron Consulting Group had a return on equity of 10.92% and a net margin of 8.27%. The firm had revenue of $273.33 million for the quarter, compared to analysts’ expectations of $253.19 million. During the same quarter last year, the firm posted $0.69 EPS. The company’s revenue was up 18.8% compared to the same quarter last year. As a group, equities analysts predict that Huron Consulting Group will post 3.28 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Barrington Research increased their price objective on Huron Consulting Group from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, August 8th.
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, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans.
Further Reading
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