2,025 Shares in Huron Consulting Group Inc. (NASDAQ:HURN) Acquired by MML Investors Services LLC

MML Investors Services LLC acquired a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,025 shares of the business services provider’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC grew its position in Huron Consulting Group by 131.9% during the third quarter. Quest Partners LLC now owns 13,814 shares of the business services provider’s stock valued at $1,502,000 after buying an additional 7,858 shares during the period. Wellington Management Group LLP grew its position in shares of Huron Consulting Group by 29.1% during the 3rd quarter. Wellington Management Group LLP now owns 538,290 shares of the business services provider’s stock valued at $58,512,000 after acquiring an additional 121,371 shares during the period. Atom Investors LP bought a new stake in shares of Huron Consulting Group during the 3rd quarter valued at $1,159,000. Victory Capital Management Inc. increased its stake in shares of Huron Consulting Group by 435.2% in the 2nd quarter. Victory Capital Management Inc. now owns 64,674 shares of the business services provider’s stock worth $6,370,000 after purchasing an additional 52,589 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Huron Consulting Group by 32.7% in the 3rd quarter. Natixis Advisors LLC now owns 18,571 shares of the business services provider’s stock worth $2,019,000 after purchasing an additional 4,576 shares during the period. Institutional investors own 93.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HURN. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Finally, Barrington Research lifted their target price on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $133.00.

Insider Transactions at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $123.70, for a total transaction of $247,400.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total value of $112,817.34. Following the completion of the transaction, the director now directly owns 28,840 shares in the company, valued at $3,122,506.80. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,126 shares of company stock valued at $865,710. Corporate insiders own 2.02% of the company’s stock.

Huron Consulting Group Price Performance

Shares of HURN stock opened at $123.55 on Friday. The stock has a 50 day moving average price of $119.51 and a 200 day moving average price of $109.85. The firm has a market capitalization of $2.19 billion, a P/E ratio of 26.86 and a beta of 0.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group Inc. has a 52-week low of $84.26 and a 52-week high of $131.06.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.11. The company had revenue of $370.00 million during the quarter, compared to analysts’ expectations of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. As a group, sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share 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.