Ieq Capital LLC Lowers Holdings in Huron Consulting Group Inc. (NASDAQ:HURN)

Ieq Capital LLC cut its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 30.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,192 shares of the business services provider’s stock after selling 14,350 shares during the period. Ieq Capital LLC owned approximately 0.18% of Huron Consulting Group worth $3,171,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HURN. Wakefield Asset Management LLLP purchased a new position in shares of Huron Consulting Group in the 1st quarter worth about $921,000. Simplicity Wealth LLC purchased a new stake in shares of Huron Consulting Group during the 2nd quarter worth about $584,000. Norges Bank acquired a new stake in Huron Consulting Group during the 4th quarter worth approximately $14,460,000. Vanguard Group Inc. raised its holdings in Huron Consulting Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,073,879 shares of the business services provider’s stock valued at $200,378,000 after buying an additional 25,905 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new position in Huron Consulting Group during the fourth quarter valued at approximately $482,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, July 31st. StockNews.com raised shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Barrington Research restated an “outperform” rating and set a $137.00 price objective on shares of Huron Consulting Group in a research note on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $110.55 on Friday. The company’s fifty day moving average price is $107.20 and its two-hundred day moving average price is $98.35. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market capitalization of $1.99 billion, a P/E ratio of 31.86 and a beta of 0.61. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $115.65.

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

Insider Activity

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

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.