Huron Consulting Group Inc. (NASDAQ:HURN) Short Interest Update

Huron Consulting Group Inc. (NASDAQ:HURN) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 163,500 shares, a growth of 67.2% from the February 13th total of 97,800 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 127,500 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

HURN has been the subject of several research analyst reports. Barrington Research upped their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Benchmark increased their target price on Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Monday, March 10th. Wedbush initiated coverage on Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Finally, Truist Financial raised their price objective on Huron Consulting Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and a consensus price target of $155.50.

Insider Activity

In other news, CEO C. Mark Hussey sold 27,672 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $145.91, for a total transaction of $4,037,621.52. Following the transaction, the chief executive officer now owns 81,118 shares in the company, valued at $11,835,927.38. This trade represents a 25.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James H. Roth sold 8,642 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $143.93, for a total transaction of $1,243,843.06. Following the completion of the sale, the director now directly owns 64,921 shares of the company’s stock, valued at approximately $9,344,079.53. The trade was a 11.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,498 shares of company stock worth $9,202,526 in the last ninety days. Company insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC grew its stake in shares of Huron Consulting Group by 131.9% in the 3rd quarter. Quest Partners LLC now owns 13,814 shares of the business services provider’s stock valued at $1,502,000 after buying an additional 7,858 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Huron Consulting Group by 61.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,972 shares of the business services provider’s stock valued at $1,488,000 after acquiring an additional 4,550 shares during the last quarter. Wellington Management Group LLP grew its position in Huron Consulting Group by 29.1% in the third quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after acquiring an additional 121,371 shares during the period. Franklin Resources Inc. increased its stake in Huron Consulting Group by 20.5% during the third quarter. Franklin Resources Inc. now owns 395,788 shares of the business services provider’s stock worth $42,306,000 after acquiring an additional 67,239 shares during the last quarter. Finally, Atom Investors LP purchased a new stake in Huron Consulting Group in the third quarter valued at $1,159,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Huron Consulting Group Price Performance

HURN stock opened at $147.76 on Monday. Huron Consulting Group has a 1 year low of $84.26 and a 1 year high of $153.85. 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 firm has a market capitalization of $2.61 billion, a PE ratio of 32.12 and a beta of 0.53. The business has a 50 day simple moving average of $132.16 and a 200-day simple moving average of $121.18.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $399.31 million during the quarter, compared to analysts’ expectations of $380.62 million. Equities research analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

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.