Great Lakes Advisors LLC Takes $2.61 Million Position in Huron Consulting Group Inc. $HURN

Great Lakes Advisors LLC acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the second quarter, Holdings Channel.com reports. The fund acquired 28,945 shares of the business services provider’s stock, valued at approximately $2,610,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HURN. Strs Ohio purchased a new position in Huron Consulting Group during the fourth quarter worth about $35,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Huron Consulting Group in the 3rd quarter valued at approximately $35,000. Advisory Services Network LLC acquired a new stake in shares of Huron Consulting Group during the 3rd quarter worth approximately $36,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Huron Consulting Group during the 4th quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Huron Consulting Group by 11,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider’s stock valued at $41,000 after buying an additional 238 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huron Consulting Group news, insider Kyle Featherstone sold 459 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $152.67, for a total value of $70,075.53. Following the sale, the insider owned 1,050 shares of the company’s stock, valued at $160,303.50. This trade represents a 30.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C. Mark Hussey sold 24,072 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total value of $3,986,082.48. Following the transaction, the chief executive officer directly owned 74,399 shares of the company’s stock, valued at approximately $12,319,730.41. This represents a 24.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.07% of the company’s stock.

Huron Consulting Group Price Performance

HURN stock opened at $162.45 on Friday. The business’s fifty day moving average price is $121.28 and its 200 day moving average price is $124.77. Huron Consulting Group Inc. has a 12-month low of $84.88 and a 12-month high of $186.77. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $2.58 billion, a PE ratio of 24.32 and a beta of 0.06.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.29. The company had revenue of $475.04 million during the quarter, compared to the consensus estimate of $448.98 million. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%.Huron Consulting Group’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. On average, sell-side analysts anticipate that Huron Consulting Group Inc. will post 9.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Truist Financial reduced their target price on Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Zacks Research raised Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Huron Consulting Group in a research report on Friday, August 7th. Finally, Wedbush restated an “outperform” rating and issued a $160.00 price objective on shares of Huron Consulting Group in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Huron Consulting Group has an average rating of “Buy” and a consensus price target of $184.25.

Huron Consulting Group Company Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.