Short Interest in Huron Consulting Group Inc. (NASDAQ:HURN) Declines By 8.2%

Huron Consulting Group Inc. (NASDAQ:HURN) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 159,200 shares, a decrease of 8.2% from the October 31st total of 173,500 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 86,200 shares, the short-interest ratio is presently 1.8 days.

Huron Consulting Group Stock Up 1.3 %

Shares of Huron Consulting Group stock traded up $1.60 during trading on Monday, hitting $124.41. 87,203 shares of the stock were exchanged, compared to its average volume of 122,528. Huron Consulting Group has a 12-month low of $84.26 and a 12-month high of $131.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 26.89 and a beta of 0.60. The firm’s 50-day moving average price is $114.14 and its 200 day moving average price is $105.79.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The business had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 EPS. As a group, analysts forecast that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the sale, the director now directly owns 28,840 shares in the company, valued at approximately $3,122,506.80. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Roth sold 2,000 shares of the firm’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 completion of the transaction, the director now owns 54,825 shares in the company, valued at approximately $7,040,626.50. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,126 shares of company stock worth $604,420. Company insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. raised its stake in Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 90 shares during the last quarter. Martingale Asset Management L P increased its position in Huron Consulting Group by 0.5% during the 3rd quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider’s stock worth $2,226,000 after purchasing an additional 110 shares during the period. Andina Capital Management LLC lifted its holdings in shares of Huron Consulting Group by 4.5% in the 3rd quarter. Andina Capital Management LLC now owns 3,189 shares of the business services provider’s stock valued at $347,000 after buying an additional 137 shares during the period. Creative Planning grew its holdings in Huron Consulting Group by 10.5% during the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after acquiring an additional 246 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Huron Consulting Group during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HURN shares. Benchmark restated a “buy” rating and set a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Barrington Research lifted their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently 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.