Huron Consulting Group Inc. (HURN) Stake Raised by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC boosted its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 224,226 shares of the company’s stock after buying an additional 3,182 shares during the period. Rice Hall James & Associates LLC owned approximately 1.06% of Huron Consulting Group worth $13,548,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Capital Fund Management S.A. purchased a new stake in Huron Consulting Group during the second quarter valued at $338,000. Lucus Advisors LLC purchased a new stake in Huron Consulting Group during the second quarter valued at $354,000. Genesee Valley Trust Co. purchased a new stake in Huron Consulting Group during the second quarter valued at $554,000. New York State Teachers Retirement System purchased a new stake in Huron Consulting Group during the second quarter valued at $109,000. Finally, Hartford Investment Management Co. boosted its stake in Huron Consulting Group by 113.0% in the second quarter. Hartford Investment Management Co. now owns 60,399 shares of the company’s stock valued at $3,649,000 after buying an additional 32,039 shares during the period. Institutional investors own 93.09% of the company’s stock.
Huron Consulting Group Inc. (NASDAQ:HURN) traded up 0.08% during midday trading on Tuesday, reaching $59.17. 96,685 shares of the company’s stock were exchanged. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 21.77 and a beta of 0.53. Huron Consulting Group Inc. has a 12-month low of $43.35 and a 12-month high of $65.03. The firm has a 50-day moving average price of $61.54 and a 200 day moving average price of $59.81.
Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.29. Huron Consulting Group had a net margin of 7.22% and a return on equity of 13.17%. The business earned $184.26 million during the quarter, compared to analyst estimates of $186.50 million. During the same period in the previous year, the business posted $1.14 earnings per share. Huron Consulting Group’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts expect that Huron Consulting Group Inc. will post $3.42 EPS for the current fiscal year.
Several research firms have recently weighed in on HURN. Zacks Investment Research cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Barrington Research increased their price objective on shares of Huron Consulting Group from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Huron Consulting Group presently has a consensus rating of “Buy” and a consensus price target of $68.33.
In other news, CEO James H. Roth sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $60.89, for a total value of $456,675.00. Following the completion of the sale, the chief executive officer now directly owns 173,585 shares in the company, valued at approximately $10,569,590.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diane E. Ratekin sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $61.59, for a total transaction of $184,770.00. Following the completion of the sale, the executive vice president now owns 22,681 shares of the company’s stock, valued at $1,396,922.79. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
About Huron Consulting Group
Huron Consulting Group Inc is a professional services firm focused on assisting clients with their business issues by delivering solutions to support their strategic objectives. The Company’s segments are Huron Healthcare, which provides advisory, consulting and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals and physician practices; Huron Education and Life Sciences, which provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries; Huron Business Advisory, which provides services to the C-suite of middle market and organizations, institutions, law firms, investment banks and private equity firms, and All Other.
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