BloombergSen Inc. Acquires Shares of 233,802 Huron Consulting Group Inc. $HURN

BloombergSen Inc. acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 233,802 shares of the business services provider’s stock, valued at approximately $32,157,000. Huron Consulting Group accounts for approximately 2.0% of BloombergSen Inc.’s holdings, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of HURN. Quarry LP bought a new position in shares of Huron Consulting Group during the first quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new position in shares of Huron Consulting Group during the first quarter worth approximately $35,000. CWM LLC increased its stake in shares of Huron Consulting Group by 55.9% during the first quarter. CWM LLC now owns 407 shares of the business services provider’s stock worth $58,000 after purchasing an additional 146 shares during the period. Vestcor Inc bought a new position in shares of Huron Consulting Group during the first quarter worth approximately $60,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Huron Consulting Group during the first quarter worth approximately $72,000. Institutional investors own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

HURN has been the topic of a number of recent research reports. Wall Street Zen lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Barrington Research increased their target price on Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Huron Consulting Group currently has a consensus rating of “Buy” and an average price target of $171.50.

Insider Buying and Selling at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $137.51, for a total value of $275,020.00. Following the sale, the director owned 41,304 shares of the company’s stock, valued at approximately $5,679,713.04. This trade represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kyle Featherstone sold 375 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the completion of the sale, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. This represents a 22.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,671 shares of company stock valued at $756,611. 2.15% of the stock is currently owned by corporate insiders.

Huron Consulting Group Trading Up 0.6%

Shares of NASDAQ:HURN opened at $147.62 on Thursday. The company has a market capitalization of $2.56 billion, a P/E ratio of 25.76 and a beta of 0.29. Huron Consulting Group Inc. has a 1 year low of $102.94 and a 1 year high of $155.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.99 and a quick ratio of 1.99. The business’s 50 day simple moving average is $137.23 and its 200 day simple moving average is $139.73.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.10. The business had revenue of $402.50 million for the quarter, compared to the consensus estimate of $402.67 million. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. On average, research analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal 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.