Short Interest in Huron Consulting Group Inc. (NASDAQ:HURN) Rises By 11.7%

Huron Consulting Group Inc. (NASDAQ:HURN) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 156,500 shares, a growth of 11.7% from the December 15th total of 140,100 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 85,800 shares, the days-to-cover ratio is currently 1.8 days.

Insider Transactions at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $115.82, for a total transaction of $120,684.44. Following the completion of the sale, the director now owns 27,798 shares in the company, valued at approximately $3,219,564.36. The trade was a 3.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mccartney sold 500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the sale, the director now owns 56,688 shares of the company’s stock, valued at $7,066,159.20. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,584 shares of company stock worth $1,062,597. 2.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. raised its position 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 valued at $149,000 after acquiring an additional 90 shares in the last quarter. MML Investors Services LLC bought a new position in Huron Consulting Group during the 3rd quarter worth $220,000. Peapack Gladstone Financial Corp bought a new position in Huron Consulting Group during the 3rd quarter worth $220,000. Dakota Wealth Management grew its stake in Huron Consulting Group by 4.0% during the 4th quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider’s stock worth $280,000 after buying an additional 87 shares during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new position in Huron Consulting Group during the 3rd quarter worth $264,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Stock Down 0.4 %

Shares of HURN traded down $0.52 during trading on Friday, reaching $127.03. The company’s stock had a trading volume of 41,336 shares, compared to its average volume of 72,645. The company has a fifty day moving average of $123.42 and a two-hundred day moving average of $113.19. Huron Consulting Group has a twelve month low of $84.26 and a twelve month high of $131.06. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 27.62 and a beta of 0.60. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.11. The business had revenue of $370.00 million for the quarter, compared to analyst estimates 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 was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. On average, sell-side analysts predict that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

HURN has been the subject of a number of analyst reports. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research upped their price target on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Huron Consulting Group has an average rating of “Buy” and a consensus price target of $133.00.

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.