Assetmark Inc. Boosts Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

Assetmark Inc. raised its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 7.0% in the third quarter, Holdings Channel.com reports. The fund owned 1,373 shares of the business services provider’s stock after buying an additional 90 shares during the quarter. Assetmark Inc.’s holdings in Huron Consulting Group were worth $149,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HURN. ProShare Advisors LLC grew its position in Huron Consulting Group by 6.0% during the first quarter. ProShare Advisors LLC now owns 3,342 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 188 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Huron Consulting Group by 71.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,338 shares of the business services provider’s stock worth $902,000 after buying an additional 3,900 shares during the period. Blair William & Co. IL boosted its position in shares of Huron Consulting Group by 2.1% in the first quarter. Blair William & Co. IL now owns 10,512 shares of the business services provider’s stock worth $1,016,000 after buying an additional 218 shares during the period. Vanguard Group Inc. boosted its position in shares of Huron Consulting Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock worth $200,378,000 after buying an additional 25,905 shares during the period. Finally, Edgestream Partners L.P. boosted its position in shares of Huron Consulting Group by 8.4% in the first quarter. Edgestream Partners L.P. now owns 9,668 shares of the business services provider’s stock worth $934,000 after buying an additional 747 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total transaction of $114,078.16. Following the sale, the director now owns 29,882 shares in the company, valued at $3,271,481.36. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction that occurred on 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 $7,040,626.50. The trade was a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,126 shares of company stock worth $604,420. 2.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HURN shares. Barrington Research upped their target price on 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 reaffirmed a “buy” rating and issued a $140.00 target price 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 analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $133.00.

Huron Consulting Group Trading Down 1.2 %

NASDAQ:HURN opened at $120.76 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $131.06. The business’s 50-day simple moving average is $111.04 and its 200 day simple moving average is $103.27. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 26.25 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping 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 business had revenue of $370.00 million for the quarter, compared to analysts’ expectations of $377.63 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 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.