CenterBook Partners LP Sells 17,698 Shares of Huron Consulting Group Inc. $HURN

CenterBook Partners LP lowered its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 38.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,679 shares of the business services provider’s stock after selling 17,698 shares during the period. CenterBook Partners LP’s holdings in Huron Consulting Group were worth $4,209,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HURN. BTC Capital Management Inc. increased its holdings in shares of Huron Consulting Group by 87.2% in the third quarter. BTC Capital Management Inc. now owns 3,193 shares of the business services provider’s stock worth $469,000 after purchasing an additional 1,487 shares during the period. Wedbush Securities Inc. bought a new stake in Huron Consulting Group during the third quarter worth about $261,000. LSV Asset Management purchased a new position in shares of Huron Consulting Group during the 3rd quarter valued at about $88,000. Renaissance Group LLC raised its holdings in shares of Huron Consulting Group by 7.4% during the 3rd quarter. Renaissance Group LLC now owns 70,022 shares of the business services provider’s stock valued at $10,277,000 after buying an additional 4,808 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Huron Consulting Group by 7.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 65,233 shares of the business services provider’s stock worth $9,574,000 after buying an additional 4,603 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

HURN opened at $133.62 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.44 and a current ratio of 1.44. Huron Consulting Group Inc. has a 52-week low of $120.25 and a 52-week high of $186.77. The stock has a market capitalization of $2.30 billion, a PE ratio of 22.38 and a beta of 0.08. The stock’s 50 day moving average price is $169.79 and its 200-day moving average price is $156.84.

Insiders Place Their Bets

In related news, Director John Mccartney sold 500 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $168.77, for a total value of $84,385.00. Following the completion of the transaction, the director directly owned 41,817 shares of the company’s stock, valued at $7,057,455.09. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ekta Singh-Bushell sold 1,000 shares of Huron Consulting Group stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.55, for a total value of $178,550.00. Following the sale, the director directly owned 14,341 shares in the company, valued at approximately $2,560,585.55. The trade was a 6.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,958 shares of company stock valued at $837,371 over the last quarter. 2.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wedbush lifted their price target on shares of Huron Consulting Group from $165.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research note on Thursday, January 22nd. Truist Financial raised their price objective on Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Barrington Research lifted their price objective on Huron Consulting Group from $190.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $215.50.

Huron Consulting Group Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.