Los Angeles Capital Management LLC Lowers Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Los Angeles Capital Management LLC reduced its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,142 shares of the business services provider’s stock after selling 100 shares during the period. Los Angeles Capital Management LLC’s holdings in Huron Consulting Group were worth $1,429,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HURN. Vanguard Group Inc. grew its position in Huron Consulting Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock valued at $200,378,000 after acquiring an additional 25,905 shares during the period. Boston Partners grew its holdings in shares of Huron Consulting Group by 36.6% during the 1st quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock worth $88,994,000 after purchasing an additional 247,218 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Huron Consulting Group by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 380,024 shares of the business services provider’s stock worth $41,308,000 after purchasing an additional 17,146 shares during the period. Leeward Investments LLC MA increased its position in Huron Consulting Group by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 222,630 shares of the business services provider’s stock worth $21,929,000 after purchasing an additional 11,902 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Huron Consulting Group by 1.0% in the second quarter. American Century Companies Inc. now owns 181,834 shares of the business services provider’s stock valued at $17,911,000 after buying an additional 1,837 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the sale, the director now owns 54,825 shares in the company, valued at approximately $7,040,626.50. This represents a 3.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 28,840 shares of the company’s stock, valued at approximately $3,122,506.80. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,348 shares of company stock valued at $627,712 in the last three months. Corporate insiders own 2.02% of the company’s stock.

Huron Consulting Group Price Performance

HURN opened at $122.28 on Friday. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 26.58 and a beta of 0.60. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $110.71 and a 200 day simple moving average of $102.90.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HURN shares. Barrington Research increased their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Finally, StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Huron Consulting Group has an average rating of “Buy” and an average price target of $133.00.

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.