Huron Consulting Group Inc. (NASDAQ:HURN) Shares Sold by Ieq Capital LLC

Ieq Capital LLC cut its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 30.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 32,192 shares of the business services provider’s stock after selling 14,350 shares during the period. Ieq Capital LLC’s holdings in Huron Consulting Group were worth $3,171,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in Huron Consulting Group in the fourth quarter valued at $25,000. Covestor Ltd increased its holdings in shares of Huron Consulting Group by 26,500.0% in the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after acquiring an additional 265 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Huron Consulting Group in the 2nd quarter valued at about $28,000. Quest Partners LLC acquired a new position in Huron Consulting Group during the 4th quarter valued at about $97,000. Finally, Assetmark Inc. grew its position in Huron Consulting Group by 40.6% in the 4th quarter. Assetmark Inc. now owns 1,544 shares of the business services provider’s stock worth $159,000 after purchasing an additional 446 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Transactions at Huron Consulting Group

In related news, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $100.69, for a total transaction of $3,424,768.97. Following the completion of the sale, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $100.69, for a total value of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $102.61, for a total value of $106,919.62. Following the sale, the director now directly owns 30,924 shares of the company’s stock, valued at $3,173,111.64. The disclosure for this sale can be found here. Insiders have sold 44,439 shares of company stock valued at $4,512,214 in the last quarter. Insiders own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HURN. StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Barrington Research reiterated an “outperform” rating and set a $137.00 price target on shares of Huron Consulting Group in a research report on Monday, September 9th. Finally, Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.75.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $110.55 on Friday. The stock’s 50 day moving average price is $107.20 and its 200 day moving average price is $98.35. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 31.86 and a beta of 0.61. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $115.65.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.20. The business had revenue of $371.70 million during the quarter, compared to analyst estimates of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Equities research analysts anticipate that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.