Huron Consulting Group Inc. (NASDAQ:HURN) Given Average Recommendation of “Hold” by Brokerages

Huron Consulting Group Inc. (NASDAQ:HURN) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company.

A number of research analysts recently issued reports on the stock. TheStreet cut shares of Huron Consulting Group from a “c” rating to a “d+” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Huron Consulting Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 31st. ValuEngine cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Benchmark Co. initiated coverage on shares of Huron Consulting Group in a research report on Tuesday, May 23rd. They set a “hold” rating for the company.

Huron Consulting Group (HURN) traded down 0.15% during midday trading on Friday, hitting $33.30. 130,835 shares of the company were exchanged. The stock has a 50 day moving average of $41.11 and a 200 day moving average of $42.81. The firm’s market capitalization is $715.68 million. Huron Consulting Group has a 1-year low of $33.10 and a 1-year high of $64.00.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.18. Huron Consulting Group had a negative net margin of 15.94% and a positive return on equity of 8.83%. The business had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $191.83 million. During the same period last year, the business earned $1.09 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts predict that Huron Consulting Group will post $2.23 earnings per share for the current fiscal year.

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In other Huron Consulting Group news, Director James D. Edwards sold 602 shares of Huron Consulting Group stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $43.32, for a total value of $26,078.64. Following the completion of the transaction, the director now directly owns 22,730 shares of the company’s stock, valued at $984,663.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Huron Consulting Group by 1.7% in the first quarter. FMR LLC now owns 1,523,136 shares of the business services provider’s stock valued at $64,123,000 after buying an additional 25,250 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Huron Consulting Group by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,274,091 shares of the business services provider’s stock valued at $53,639,000 after buying an additional 104,133 shares in the last quarter. Van Berkom & Associates Inc. purchased a new position in shares of Huron Consulting Group during the second quarter valued at approximately $49,231,000. Boston Partners increased its position in shares of Huron Consulting Group by 1.2% in the second quarter. Boston Partners now owns 741,887 shares of the business services provider’s stock valued at $32,050,000 after buying an additional 8,618 shares in the last quarter. Finally, State Street Corp increased its position in shares of Huron Consulting Group by 0.6% in the first quarter. State Street Corp now owns 404,950 shares of the business services provider’s stock valued at $17,053,000 after buying an additional 2,524 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Company Profile

Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.

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