Strs Ohio Buys 4,000 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Strs Ohio grew its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 90.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,400 shares of the business services provider’s stock after acquiring an additional 4,000 shares during the quarter. Strs Ohio’s holdings in Huron Consulting Group were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HURN. International Assets Investment Management LLC purchased a new position in shares of Huron Consulting Group in the 4th quarter worth about $42,000. Assetmark Inc. lifted its stake in shares of Huron Consulting Group by 28.6% in the third quarter. Assetmark Inc. now owns 1,098 shares of the business services provider’s stock worth $114,000 after buying an additional 244 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Huron Consulting Group in the fourth quarter worth approximately $175,000. Olympiad Research LP purchased a new stake in shares of Huron Consulting Group during the third quarter valued at approximately $217,000. Finally, Corton Capital Inc. purchased a new stake in Huron Consulting Group during the 3rd quarter valued at $219,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HURN has been the subject of several recent analyst reports. Barrington Research boosted their price target on Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. StockNews.com cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

Insider Activity at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $103.22, for a total transaction of $206,440.00. Following the transaction, the director now owns 68,040 shares in the company, valued at approximately $7,023,088.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.48, for a total value of $417,920.00. Following the completion of the sale, the chief executive officer now owns 98,286 shares in the company, valued at $10,268,921.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $103.22, for a total value of $206,440.00. Following the completion of the transaction, the director now directly owns 68,040 shares in the company, valued at approximately $7,023,088.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,080 shares of company stock worth $4,146,076. 2.20% of the stock is owned by company insiders.

Huron Consulting Group Price Performance

NASDAQ HURN opened at $93.44 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. Huron Consulting Group Inc. has a 1-year low of $70.66 and a 1-year high of $113.31. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 29.20 and a beta of 0.58. The business’s fifty day moving average price is $97.41 and its 200-day moving average price is $100.97.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. Huron Consulting Group had a return on equity of 17.77% and a net margin of 4.47%. The business had revenue of $339.23 million for the quarter, compared to analysts’ expectations of $341.71 million. During the same period last year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts predict that Huron Consulting Group Inc. will post 5.64 earnings per share for the current 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.