Huron Consulting Group Inc. (NASDAQ:HURN) Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,373 shares of the business services provider’s stock after buying an additional 90 shares during the quarter. Assetmark Inc.’s holdings in Huron Consulting Group were worth $149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HURN. Boston Partners raised its holdings 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 purchasing an additional 247,218 shares during the last quarter. F M Investments LLC acquired a new position in Huron Consulting Group during the second quarter worth $10,202,000. William Blair Investment Management LLC acquired a new position in Huron Consulting Group during the second quarter worth $9,533,000. Assenagon Asset Management S.A. raised its holdings in Huron Consulting Group by 240.8% during the second quarter. Assenagon Asset Management S.A. now owns 136,307 shares of the business services provider’s stock worth $13,426,000 after purchasing an additional 96,308 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in Huron Consulting Group during the first quarter worth $5,614,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the sale, the director now owns 28,840 shares of the company’s stock, valued at $3,122,506.80. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the sale, the director now directly owns 54,825 shares of the company’s stock, valued at approximately $7,040,626.50. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,126 shares of company stock valued at $604,420 over the last quarter. Company insiders own 2.02% of the company’s stock.

Huron Consulting Group Stock Performance

NASDAQ HURN opened at $120.76 on Monday. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $131.06. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 26.25 and a beta of 0.60. The business has a fifty day moving average of $111.04 and a 200-day moving average of $103.27. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

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 analysts’ consensus estimates of $1.57 by $0.11. The business had revenue of $370.00 million during the quarter, compared to the consensus estimate of $377.63 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. As a group, analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barrington Research lifted 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. Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a report on Wednesday, October 30th. Finally, StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Huron Consulting Group presently has an average rating of “Buy” and a consensus price target of $133.00.

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.