Wellington Management Group LLP Cuts Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Wellington Management Group LLP lessened its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,161 shares of the business services provider’s stock after selling 70,198 shares during the period. Wellington Management Group LLP owned 1.65% of Huron Consulting Group worth $30,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd boosted its holdings in Huron Consulting Group by 23.0% in the fourth quarter. Quadrature Capital Ltd now owns 12,011 shares of the business services provider’s stock worth $1,235,000 after acquiring an additional 2,246 shares in the last quarter. CenterBook Partners LP boosted its holdings in Huron Consulting Group by 15.9% in the fourth quarter. CenterBook Partners LP now owns 10,805 shares of the business services provider’s stock worth $1,111,000 after acquiring an additional 1,485 shares in the last quarter. Alberta Investment Management Corp boosted its holdings in Huron Consulting Group by 12.1% in the fourth quarter. Alberta Investment Management Corp now owns 32,625 shares of the business services provider’s stock worth $3,354,000 after acquiring an additional 3,532 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in Huron Consulting Group in the fourth quarter worth about $482,000. Finally, Oliver Luxxe Assets LLC boosted its holdings in Huron Consulting Group by 6.4% in the fourth quarter. Oliver Luxxe Assets LLC now owns 8,443 shares of the business services provider’s stock worth $868,000 after acquiring an additional 507 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Analyst Upgrades and Downgrades

HURN has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Huron Consulting Group in a report on Thursday, May 23rd. Barrington Research reaffirmed an “outperform” rating and set a $133.00 target price on shares of Huron Consulting Group in a report on Tuesday, May 28th. StockNews.com downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Truist Financial reaffirmed a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Thursday, May 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.75.

Insider Activity

In other news, Director John Mccartney sold 1,259 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $95.38, for a total value of $120,083.42. Following the completion of the sale, the director now directly owns 57,988 shares in the company, valued at $5,530,895.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 2,159 shares of company stock worth $202,715 over the last three months. 2.02% of the stock is currently owned by corporate insiders.

Huron Consulting Group Trading Down 0.7 %

Shares of NASDAQ:HURN opened at $97.52 on Tuesday. Huron Consulting Group Inc. has a 12-month low of $77.99 and a 12-month high of $113.31. The company has a market capitalization of $1.76 billion, a PE ratio of 28.10 and a beta of 0.59. The business has a 50 day moving average of $91.02 and a two-hundred day moving average of $97.13. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.13.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.35. Huron Consulting Group had a return on equity of 19.21% and a net margin of 4.67%. The company had revenue of $355.96 million during the quarter, compared to the consensus estimate of $348.80 million. During the same period in the previous year, the company posted $0.87 earnings per share. Huron Consulting Group’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts forecast that Huron Consulting Group Inc. will post 5.83 EPS for the current 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.