Two Sigma Advisers LP Sells 600 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Two Sigma Advisers LP cut its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 0.5% in the third quarter, Holdings Channel reports. The institutional investor owned 115,900 shares of the business services provider’s stock after selling 600 shares during the quarter. Two Sigma Advisers LP’s holdings in Huron Consulting Group were worth $12,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Huron Consulting Group during the second quarter worth about $28,000. Assetmark Inc. grew its holdings in shares of Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of Huron Consulting Group during the second quarter valued at approximately $219,000. Creative Planning raised its stake in shares of Huron Consulting Group by 10.5% in the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 246 shares in the last quarter. Finally, Olympiad Research LP bought a new position in Huron Consulting Group in the third quarter worth $299,000. 93.90% of the stock is owned by institutional investors.

Huron Consulting Group Stock Down 0.8 %

Shares of NASDAQ:HURN opened at $122.16 on Tuesday. The company has a market capitalization of $2.17 billion, a PE ratio of 26.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The company’s fifty day moving average is $115.90 and its 200-day moving average is $107.34. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $131.06.

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, beating analysts’ consensus estimates of $1.57 by $0.11. The firm had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share. Equities research analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Activity at Huron Consulting Group

In other news, 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 transaction of $256,840.00. Following the transaction, the director now directly owns 54,825 shares in the company, valued at approximately $7,040,626.50. This represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $115.82, for a total transaction of $120,684.44. Following the sale, the director now directly owns 27,798 shares in the company, valued at $3,219,564.36. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,126 shares of company stock valued at $865,710 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HURN shares. Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. StockNews.com raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research raised their price target on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group 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.