Mach 1 Financial Group LLC Invests $432,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

Mach 1 Financial Group LLC acquired a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,200 shares of the business services provider’s stock, valued at approximately $432,000.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Huron Consulting Group in the fourth quarter worth about $42,000. Headlands Technologies LLC grew its position in shares of Huron Consulting Group by 2,020.0% in the 4th quarter. Headlands Technologies LLC now owns 954 shares of the business services provider’s stock worth $98,000 after acquiring an additional 909 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Huron Consulting Group by 28.6% in the 3rd quarter. Assetmark Inc. now owns 1,098 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 244 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at approximately $175,000. Finally, Olympiad Research LP bought a new position in Huron Consulting Group during the third quarter worth $217,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $103.22, for a total value of $206,440.00. Following the completion of the sale, the director now owns 68,040 shares of the company’s stock, valued at $7,023,088.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $103.22, for a total value of $206,440.00. Following the completion of the sale, the director now directly owns 68,040 shares in the company, valued at $7,023,088.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $104.48, for a total value of $417,920.00. Following the transaction, the chief executive officer now directly owns 98,286 shares of the company’s stock, valued at $10,268,921.28. The disclosure for this sale can be found here. Insiders have sold 42,080 shares of company stock valued at $4,146,076 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Huron Consulting Group Stock Performance

Shares of HURN traded down $5.98 during midday trading on Wednesday, hitting $87.26. 45,806 shares of the stock traded hands, compared to its average volume of 117,844. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32. Huron Consulting Group Inc. has a 1-year low of $70.66 and a 1-year high of $113.31. The business’s 50 day moving average price is $96.21 and its two-hundred day moving average price is $100.59. The firm has a market capitalization of $1.61 billion, a PE ratio of 27.08 and a beta of 0.58.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, April 30th. The business services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $0.88 by $0.35. The firm had revenue of $355.96 million during the quarter, compared to analysts’ expectations of $348.80 million. Huron Consulting Group had a net margin of 4.47% and a return on equity of 17.77%. Huron Consulting Group’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. Equities research analysts predict that Huron Consulting Group Inc. will post 5.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on HURN shares. StockNews.com cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Barrington Research increased their price objective on shares of Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th.

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 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.