Dark Forest Capital Management LP Has $252,000 Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Dark Forest Capital Management LP reduced its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 13.6% in the 2nd quarter, Holdings Channel reports. The firm owned 2,563 shares of the business services provider’s stock after selling 404 shares during the period. Dark Forest Capital Management LP’s holdings in Huron Consulting Group were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HURN. Norges Bank acquired a new position in shares of Huron Consulting Group during the fourth quarter worth $14,460,000. PNC Financial Services Group Inc. boosted its position in Huron Consulting Group by 39.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,555 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 724 shares during the last quarter. Franklin Resources Inc. boosted its position in Huron Consulting Group by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 9,927 shares of the business services provider’s stock valued at $1,020,000 after acquiring an additional 396 shares during the last quarter. Alberta Investment Management Corp boosted its position in Huron Consulting Group by 12.1% during the fourth quarter. Alberta Investment Management Corp now owns 32,625 shares of the business services provider’s stock valued at $3,354,000 after acquiring an additional 3,532 shares during the last quarter. Finally, CenterBook Partners LP boosted its position in shares of Huron Consulting Group by 15.9% during the 4th quarter. CenterBook Partners LP now owns 10,805 shares of the business services provider’s stock worth $1,111,000 after purchasing an additional 1,485 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the transaction, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The sale was disclosed in a legal filing 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 firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the completion of the transaction, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $102.61, for a total transaction of $106,919.62. Following the completion of the transaction, 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 sold a total of 44,139 shares of company stock valued at $4,482,466 in the last three months. Company insiders own 2.02% of the company’s stock.

Huron Consulting Group Stock Down 0.1 %

HURN opened at $108.01 on Monday. The company has a 50 day moving average of $107.35 and a 200 day moving average of $98.70. The company has a market cap of $1.94 billion, a PE ratio of 31.13 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. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.99.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.48 by $0.20. Huron Consulting Group had a net margin of 5.46% and a return on equity of 20.44%. The company had revenue of $371.70 million during the quarter, compared to the consensus estimate of $374.33 million. During the same period last year, the firm earned $1.38 EPS. Huron Consulting Group’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that Huron Consulting Group Inc. will post 5.95 EPS for the current year.

Wall Street Analyst Weigh In

HURN has been the topic of a number of research analyst reports. StockNews.com raised shares of 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 issued a $137.00 price objective on shares of Huron Consulting Group in a research note on Monday, September 9th. Finally, Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

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, 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.