Peapack Gladstone Financial Corp Buys Shares of 2,028 Huron Consulting Group Inc. (NASDAQ:HURN)

Peapack Gladstone Financial Corp purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,028 shares of the business services provider’s stock, valued at approximately $220,000.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. raised its stake in Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the period. Martingale Asset Management L P raised its position in shares of 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 valued at $2,226,000 after buying an additional 110 shares during the period. Andina Capital Management LLC lifted its holdings in Huron Consulting Group by 4.5% in the third quarter. Andina Capital Management LLC now owns 3,189 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 137 shares during the last quarter. Creative Planning grew its position in Huron Consulting Group by 10.5% in 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 acquired a new stake in Huron Consulting Group during the second quarter worth $28,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Insider Buying and Selling at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total value of $247,400.00. Following the sale, the director now owns 52,825 shares of the company’s stock, valued at $6,534,452.50. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total transaction of $112,817.34. Following the transaction, the director now owns 28,840 shares of the company’s stock, valued at $3,122,506.80. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,126 shares of company stock valued at $865,710 in the last 90 days. Company insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HURN shares. Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Barrington Research upped their target price on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $133.00.

Huron Consulting Group Price Performance

HURN stock opened at $121.95 on Tuesday. The business’s fifty day moving average price is $117.49 and its 200 day moving average price is $108.58. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $131.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.16 billion, a PE ratio of 26.51 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. The company 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 business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. On average, sell-side analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current 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.