Huron Consulting Group (NASDAQ:HURN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Huron Consulting Group Inc. (NASDAQ:HURN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $116.21 and traded as high as $131.05. Huron Consulting Group shares last traded at $128.54, with a volume of 93,165 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HURN shares. Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Wedbush assumed coverage on Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. 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 boosted their target price on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $133.00.

Huron Consulting Group Trading Down 1.4 %

The firm has a market capitalization of $2.28 billion, a PE ratio of 27.94 and a beta of 0.59. The business has a 50 day moving average price of $124.95 and a 200-day moving average price of $116.21. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Insider Buying and Selling at Huron Consulting Group

In related news, Director James H. Roth sold 2,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $126.03, for a total value of $252,060.00. Following the transaction, the director now directly owns 48,534 shares of the company’s stock, valued at approximately $6,116,740.02. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $122.81, for a total value of $127,968.02. Following the completion of the transaction, the director now directly owns 26,756 shares in the company, valued at $3,285,904.36. This trade represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,584 shares of company stock worth $1,067,539. 2.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

A number of hedge funds have recently bought and sold shares of HURN. Freestone Grove Partners LP acquired a new position in Huron Consulting Group in the fourth quarter valued at approximately $333,000. Northern Trust Corp lifted its position in Huron Consulting Group by 10.0% in the fourth quarter. Northern Trust Corp now owns 256,895 shares of the business services provider’s stock worth $31,922,000 after purchasing an additional 23,392 shares during the period. The Manufacturers Life Insurance Company lifted its position in Huron Consulting Group by 5.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 9,647 shares of the business services provider’s stock worth $1,199,000 after purchasing an additional 487 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at $362,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Huron Consulting Group during the 4th quarter valued at $1,777,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.