Cubist Systematic Strategies LLC Sells 74,908 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Cubist Systematic Strategies LLC trimmed its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 95.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,471 shares of the business services provider’s stock after selling 74,908 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Huron Consulting Group were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HURN. ProShare Advisors LLC lifted its stake in Huron Consulting Group by 6.0% in the first quarter. ProShare Advisors LLC now owns 3,342 shares of the business services provider’s stock valued at $323,000 after buying an additional 188 shares during the period. Blair William & Co. IL lifted its position in shares of Huron Consulting Group by 2.1% during the 1st quarter. Blair William & Co. IL now owns 10,512 shares of the business services provider’s stock valued at $1,016,000 after acquiring an additional 218 shares during the period. Covestor Ltd boosted its stake in Huron Consulting Group by 26,500.0% during the first quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after acquiring an additional 265 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Huron Consulting Group in the second quarter worth $28,000. Finally, Diversified Trust Co increased its stake in Huron Consulting Group by 7.5% in the second quarter. Diversified Trust Co now owns 5,452 shares of the business services provider’s stock valued at $537,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Trading Up 1.8 %

HURN opened at $106.86 on Friday. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $115.65. The firm has a market capitalization of $1.92 billion, a PE ratio of 30.80 and a beta of 0.61. 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 company’s 50-day moving average is $107.05 and its 200 day moving average is $99.07.

Huron Consulting Group (NASDAQ:HURN) last released 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. The business had revenue of $371.70 million during the quarter, compared to analyst estimates of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. Huron Consulting Group’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. As a group, research analysts predict that Huron Consulting Group Inc. will post 5.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total transaction of $112,817.34. Following the transaction, the director now owns 28,840 shares of the company’s stock, valued at $3,122,506.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director H Eugene Lockhart sold 1,042 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total transaction of $112,817.34. Following the completion of the sale, the director now directly owns 28,840 shares of the company’s stock, valued at approximately $3,122,506.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C. Mark Hussey sold 34,013 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $100.69, for a total value of $3,424,768.97. Following the sale, the chief executive officer now directly owns 85,081 shares of the company’s stock, valued at approximately $8,566,805.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,181 shares of company stock worth $4,595,284. 2.02% of the stock is owned by insiders.

Analyst Ratings Changes

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

Huron Consulting Group Company 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.