Quantbot Technologies LP Boosts Stock Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Quantbot Technologies LP boosted its position in Huron Consulting Group Inc. (NASDAQ:HURN) by 6,174.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,541 shares of the business services provider’s stock after buying an additional 10,373 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Huron Consulting Group worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Huron Consulting Group during the 2nd quarter worth $28,000. Assetmark Inc. boosted its position in Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the period. Dakota Wealth Management purchased a new position in shares of Huron Consulting Group in the second quarter worth about $219,000. Creative Planning raised its position in shares of Huron Consulting Group by 10.5% in the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 246 shares during the period. Finally, Aristides Capital LLC bought a new stake in shares of Huron Consulting Group in the second quarter valued at approximately $296,000. 93.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

HURN has been the subject of a number of recent research reports. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, October 30th. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research increased their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $133.00.

Huron Consulting Group Trading Down 0.7 %

Shares of HURN stock opened at $122.81 on Friday. The company has a market capitalization of $2.18 billion, a PE ratio of 26.70 and a beta of 0.60. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $131.06. The business’s fifty day moving average is $114.14 and its 200 day moving average is $105.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share 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 firm had revenue of $370.00 million for the quarter, compared to analysts’ expectations of $377.63 million. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Huron Consulting Group 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.