BNP Paribas Financial Markets Decreases Stake in Huron Consulting Group Inc. (NASDAQ:HURN)

BNP Paribas Financial Markets lowered its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 49.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,301 shares of the business services provider’s stock after selling 12,041 shares during the period. BNP Paribas Financial Markets owned 0.07% of Huron Consulting Group worth $1,337,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HURN. Ashton Thomas Private Wealth LLC acquired a new position in Huron Consulting Group in the 2nd quarter worth about $28,000. Assetmark Inc. increased its position in shares of Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after buying an additional 90 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Huron Consulting Group during the 2nd quarter worth approximately $219,000. Creative Planning lifted its position in shares of Huron Consulting Group by 10.5% during the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after buying an additional 246 shares in the last quarter. Finally, Aristides Capital LLC acquired a new stake in Huron Consulting Group in the 2nd quarter valued at $296,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Stock Down 0.8 %

HURN stock opened at $122.16 on Tuesday. The stock has a market cap of $2.17 billion, a P/E ratio of 26.56 and a beta of 0.60. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06. The company’s 50 day moving average is $115.90 and its two-hundred day moving average is $107.34.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $370.00 million for the quarter, compared to analyst estimates of $377.63 million. During the same period last year, the business earned $1.39 EPS. Huron Consulting Group’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts expect that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Activity

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $123.70, for a total transaction of $247,400.00. Following the transaction, the director now owns 52,825 shares of the company’s stock, valued at $6,534,452.50. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the 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 completion of the sale, the director now directly owns 27,798 shares of the company’s stock, valued at $3,219,564.36. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,126 shares of company stock valued at $865,710. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, October 30th. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research raised their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price 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.