Huron Consulting Group Inc. (NASDAQ:HURN) Short Interest Update

Huron Consulting Group Inc. (NASDAQ:HURN) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 173,500 shares, an increase of 6.8% from the October 15th total of 162,500 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 82,400 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Barrington Research boosted their target price 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and an average target price of $133.00.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock traded down $1.89 on Monday, reaching $118.87. 129,099 shares of the stock were exchanged, compared to its average volume of 124,464. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.11 billion, a PE ratio of 25.84 and a beta of 0.60. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $131.06. The business has a fifty day moving average price of $111.04 and a two-hundred day moving average price of $103.27.

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

Insider Buying and Selling at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $115.82, for a total value of $120,684.44. Following the sale, the director now directly owns 27,798 shares in the company, valued at approximately $3,219,564.36. The trade was a 3.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total transaction of $256,840.00. Following the completion of the sale, the director now directly owns 54,825 shares in the company, valued at $7,040,626.50. This trade represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,126 shares of company stock worth $604,420. Insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Simplicity Wealth LLC acquired a new position in Huron Consulting Group in the 2nd quarter valued at $584,000. Vanguard Group Inc. lifted its position in Huron Consulting Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock worth $200,378,000 after buying an additional 25,905 shares during the period. Victory Capital Management Inc. boosted its stake in Huron Consulting Group by 435.2% in the 2nd quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock worth $6,370,000 after buying an additional 52,589 shares during the last quarter. Covestor Ltd grew its holdings in Huron Consulting Group by 26,500.0% in the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock valued at $26,000 after buying an additional 265 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in shares of Huron Consulting Group during the 2nd quarter valued at about $9,533,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.