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

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

Huron Consulting Group Stock Down 1.6 %

NASDAQ HURN traded down $1.89 on Monday, hitting $118.87. The stock had a trading volume of 129,099 shares, compared to its average volume of 124,464. The business’s fifty day moving average price is $111.04 and its 200 day moving average price is $103.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. Huron Consulting Group has a 52-week low of $84.26 and a 52-week high of $131.06. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 25.84 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last announced 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. The firm had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Huron Consulting Group’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.39 EPS. Equities research analysts anticipate that Huron Consulting Group will post 6.1 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at Huron Consulting Group

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 Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total transaction of $256,840.00. Following the sale, the director now directly owns 54,825 shares in the company, valued at $7,040,626.50. This represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director H Eugene Lockhart sold 1,042 shares of the company’s stock in a transaction that occurred on 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 owns 27,798 shares in the company, valued at approximately $3,219,564.36. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,126 shares of company stock valued at $604,420 over the last 90 days. 2.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huron Consulting Group

Several large investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky purchased a new stake in Huron Consulting Group in the 3rd quarter worth $1,299,000. MML Investors Services LLC purchased a new stake in shares of Huron Consulting Group during the third quarter worth about $220,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Huron Consulting Group during the third quarter worth about $264,000. Wellington Management Group LLP raised its position in shares of Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock worth $58,512,000 after purchasing an additional 121,371 shares during the last quarter. Finally, State Street Corp lifted its stake in Huron Consulting Group by 2.1% in the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after buying an additional 8,972 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.