Ashton Thomas Private Wealth LLC Invests $28,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

Ashton Thomas Private Wealth LLC bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 282 shares of the business services provider’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HURN. Boston Partners increased its position in Huron Consulting Group by 36.6% during the first quarter. Boston Partners now owns 922,254 shares of the business services provider’s stock worth $88,994,000 after buying an additional 247,218 shares during the last quarter. Norges Bank acquired a new position in shares of Huron Consulting Group during the 4th quarter worth approximately $14,460,000. F M Investments LLC bought a new stake in Huron Consulting Group in the 2nd quarter valued at $10,202,000. Assenagon Asset Management S.A. lifted its holdings in Huron Consulting Group by 240.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider’s stock valued at $13,426,000 after purchasing an additional 96,308 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in Huron Consulting Group during the 1st quarter valued at $5,614,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN opened at $107.37 on Wednesday. Huron Consulting Group Inc. has a 12-month low of $84.26 and a 12-month high of $115.65. The company’s 50 day moving average price is $106.42 and its two-hundred day moving average price is $98.06. The firm has a market cap of $1.93 billion, a PE ratio of 30.88 and a beta of 0.61. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.99.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20. The business had revenue of $371.70 million for the quarter, compared to the consensus estimate of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 earnings per share. Equities research analysts predict that Huron Consulting Group Inc. will post 5.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HURN has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Huron Consulting Group in a research report on Thursday, May 23rd. StockNews.com upgraded Huron Consulting Group from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research note on Wednesday, July 31st. Finally, Barrington Research reissued an “outperform” rating and set a $137.00 price target on shares of Huron Consulting Group in a report on Monday, September 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.75.

Insider Buying and Selling

In related news, Director John Mccartney sold 300 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $99.16, for a total transaction of $29,748.00. Following the completion of the sale, the director now owns 57,688 shares of the company’s stock, valued at $5,720,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.48, for a total value of $114,078.16. Following the transaction, the director now owns 29,882 shares in the company, valued at approximately $3,271,481.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Mccartney sold 300 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $99.16, for a total value of $29,748.00. Following the transaction, the director now directly owns 57,688 shares of the company’s stock, valued at approximately $5,720,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,439 shares of company stock worth $4,512,214. Company insiders own 2.02% of the company’s stock.

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.