Huron Consulting Group Inc. (NASDAQ:HURN) Short Interest Up 27.1% in June

Huron Consulting Group Inc. (NASDAQ:HURN) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 308,100 shares, a growth of 27.1% from the May 31st total of 242,500 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 151,500 shares, the days-to-cover ratio is currently 2.0 days.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock opened at $98.63 on Tuesday. The stock’s fifty day moving average is $91.70 and its two-hundred day moving average is $96.96. The company has a market capitalization of $1.78 billion, a PE ratio of 28.42 and a beta of 0.61. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.13. Huron Consulting Group has a 52 week low of $77.99 and a 52 week high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The company had revenue of $355.96 million for the quarter, compared to the consensus estimate of $348.80 million. During the same quarter in the prior year, the company posted $0.87 EPS. Huron Consulting Group’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, analysts expect that Huron Consulting Group will post 5.83 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Mccartney sold 1,259 shares of Huron Consulting Group stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $95.38, for a total value of $120,083.42. Following the completion of the sale, the director now directly owns 57,988 shares in the company, valued at approximately $5,530,895.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 1,859 shares of company stock worth $173,801. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huron Consulting Group

A number of hedge funds have recently made changes to their positions in HURN. Rhumbline Advisers raised its stake in Huron Consulting Group by 3.0% in the third quarter. Rhumbline Advisers now owns 29,917 shares of the business services provider’s stock valued at $3,116,000 after buying an additional 876 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Huron Consulting Group by 151.3% in the third quarter. Envestnet Asset Management Inc. now owns 34,785 shares of the business services provider’s stock valued at $3,623,000 after purchasing an additional 20,943 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Huron Consulting Group in the third quarter valued at about $401,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Huron Consulting Group in the third quarter valued at about $827,000. Finally, Trexquant Investment LP increased its holdings in shares of Huron Consulting Group by 250.9% in the third quarter. Trexquant Investment LP now owns 26,019 shares of the business services provider’s stock valued at $2,710,000 after purchasing an additional 18,605 shares during the period. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HURN has been the topic of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 16th. Benchmark reaffirmed a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research report on Monday. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Huron Consulting Group in a report on Thursday, May 23rd. Finally, Barrington Research reissued an “outperform” rating and issued a $133.00 price target on shares of Huron Consulting Group in a report on Tuesday, May 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Huron Consulting Group presently has a consensus rating of “Moderate Buy” and an average target price of $130.75.

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.