Assenagon Asset Management S.A. trimmed its holdings in Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) by 40.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,163 shares of the business services provider’s stock after selling 104,155 shares during the period. Assenagon Asset Management S.A. owned about 0.81% of Huron Consulting Group worth $12,551,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in HURN. Money Concepts Capital Corp acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at approximately $56,000. Lazard Asset Management LLC acquired a new stake in shares of Huron Consulting Group during the 1st quarter valued at approximately $68,000. Point72 Hong Kong Ltd raised its position in shares of Huron Consulting Group by 188.1% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,576 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 1,029 shares in the last quarter. Eagle Bay Advisors LLC raised its position in shares of Huron Consulting Group by 17.9% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,123 shares of the business services provider’s stock valued at $154,000 after acquiring an additional 322 shares in the last quarter. Finally, IMA Wealth Inc. raised its position in shares of Huron Consulting Group by 33.3% during the 3rd quarter. IMA Wealth Inc. now owns 2,541 shares of the business services provider’s stock valued at $168,000 after acquiring an additional 635 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Huron Consulting Group
In other Huron Consulting Group news, CFO John D. Kelly purchased 1,500 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was bought at an average price of $75.29 per share, with a total value of $112,935.00. Following the completion of the purchase, the chief financial officer now owns 47,798 shares in the company, valued at approximately $3,598,711.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO C. Mark Hussey bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was acquired at an average price of $72.48 per share, with a total value of $144,960.00. Following the completion of the purchase, the chief executive officer now directly owns 110,286 shares of the company’s stock, valued at approximately $7,993,529.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO John D. Kelly bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were purchased at an average cost of $75.29 per share, with a total value of $112,935.00. Following the purchase, the chief financial officer now directly owns 47,798 shares of the company’s stock, valued at $3,598,711.42. The disclosure for this purchase can be found here. Company insiders own 2.02% of the company’s stock.
Wall Street Analyst Weigh In
Huron Consulting Group Price Performance
Shares of NASDAQ HURN opened at $84.91 on Friday. Huron Consulting Group Inc. has a 1-year low of $59.05 and a 1-year high of $87.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.44 and a quick ratio of 2.44. The business’s fifty day moving average price is $82.04 and its two-hundred day moving average price is $76.78. The firm has a market capitalization of $1.63 billion, a PE ratio of 27.84 and a beta of 0.56.
Huron Consulting Group (NASDAQ:HURN – Free Report) last released its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. Huron Consulting Group had a return on equity of 14.08% and a net margin of 5.09%. The company had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $299.65 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, research analysts expect that Huron Consulting Group Inc. will post 4.13 EPS for the current year.
About Huron Consulting Group
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 advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; financial advisory; software products; and digital solutions, spanning technology and analytic-related services to national and regional health systems, academic and community health systems, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.
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