Quantbot Technologies LP Raises Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Quantbot Technologies LP grew its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 6,174.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,541 shares of the business services provider’s stock after acquiring an additional 10,373 shares during the period. Quantbot Technologies LP’s holdings in Huron Consulting Group were worth $1,146,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its stake in Huron Consulting Group by 7.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 10,752 shares of the business services provider’s stock worth $1,040,000 after purchasing an additional 710 shares during the period. Harbor Capital Advisors Inc. lifted its position in Huron Consulting Group by 40.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,210 shares of the business services provider’s stock valued at $1,006,000 after acquiring an additional 2,927 shares during the period. Simplicity Wealth LLC bought a new stake in Huron Consulting Group during the second quarter worth about $584,000. Diversified Trust Co grew its holdings in Huron Consulting Group by 7.5% in the second quarter. Diversified Trust Co now owns 5,452 shares of the business services provider’s stock worth $537,000 after purchasing an additional 380 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Huron Consulting Group by 240.8% during the second quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider’s stock valued at $13,426,000 after purchasing an additional 96,308 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Performance

HURN stock opened at $122.81 on Friday. The stock’s 50 day simple moving average is $114.14 and its 200 day simple moving average is $105.52. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $131.06. The stock has a market capitalization of $2.18 billion, a PE ratio of 26.70 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The company had revenue of $370.00 million for the quarter, compared to analysts’ expectations of $377.63 million. During the same period last year, the firm posted $1.39 earnings per share. Huron Consulting Group’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the sale, the director now owns 28,840 shares of the company’s stock, valued at $3,122,506.80. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the transaction, the director now directly owns 54,825 shares in the company, valued at approximately $7,040,626.50. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,126 shares of company stock worth $604,420 over the last three months. 2.02% of the stock is currently owned by company insiders.

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.