MML Investors Services LLC Invests $220,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

MML Investors Services LLC purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) during the third quarter, Holdings Channel reports. The institutional investor purchased 2,025 shares of the business services provider’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC raised its position in shares of Huron Consulting Group by 131.9% during the 3rd quarter. Quest Partners LLC now owns 13,814 shares of the business services provider’s stock worth $1,502,000 after purchasing an additional 7,858 shares during the last quarter. Wellington Management Group LLP increased its stake in Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after buying an additional 121,371 shares in the last quarter. Atom Investors LP acquired a new position in shares of Huron Consulting Group during the third quarter valued at approximately $1,159,000. Victory Capital Management Inc. lifted its position in shares of Huron Consulting Group by 435.2% in the second quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock valued at $6,370,000 after acquiring an additional 52,589 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Huron Consulting Group by 32.7% in the third quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider’s stock worth $2,019,000 after acquiring an additional 4,576 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Ratings Changes

HURN has been the subject of a number of recent research reports. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Barrington Research upped their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $133.00.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $123.55 on Friday. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $131.06. The firm has a market cap of $2.19 billion, a PE ratio of 26.86 and a beta of 0.60. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $119.51 and its two-hundred day moving average is $109.85.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $370.00 million during the quarter, compared to the consensus estimate of $377.63 million. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total value of $247,400.00. Following the transaction, the director now owns 52,825 shares in the company, valued at $6,534,452.50. The trade was a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the transaction, the director now directly owns 28,840 shares in the company, valued at approximately $3,122,506.80. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,126 shares of company stock worth $865,710 over the last three months. Insiders own 2.02% of the company’s stock.

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.