Quantbot Technologies LP Sells 4,638 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Quantbot Technologies LP lowered its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 44.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,903 shares of the business services provider’s stock after selling 4,638 shares during the period. Quantbot Technologies LP’s holdings in Huron Consulting Group were worth $734,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group during the fourth quarter valued at approximately $33,000. Cibc World Markets Corp bought a new stake in Huron Consulting Group in the fourth quarter valued at about $204,000. Xponance Inc. bought a new position in Huron Consulting Group during the fourth quarter worth about $204,000. Aigen Investment Management LP bought a new stake in shares of Huron Consulting Group in the 4th quarter valued at approximately $211,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Huron Consulting Group in the 4th quarter worth approximately $213,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Trading Down 1.7 %

HURN opened at $142.51 on Thursday. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. The firm has a 50-day moving average price of $135.54 and a two-hundred day moving average price of $123.20. The stock has a market capitalization of $2.52 billion, a PE ratio of 30.98 and a beta of 0.53. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.38. The firm had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. As a group, equities analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on HURN shares. Barrington Research upped their price target on Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and issued a $165.00 target price on shares of Huron Consulting Group in a report on Wednesday. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Truist Financial upped their price objective on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Wedbush lifted their target price on shares of Huron Consulting Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $169.25.

Insider Activity at Huron Consulting Group

In other news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the transaction, the director now directly owns 56,688 shares in the company, valued at $7,066,159.20. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Roth sold 8,642 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $149.27, for a total value of $1,289,991.34. Following the completion of the sale, the director now owns 56,279 shares of the company’s stock, valued at $8,400,766.33. This represents a 13.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,140 shares of company stock worth $10,492,517 over the last 90 days. Insiders own 2.02% of the company’s stock.

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.