TradeLink Capital LLC Purchases New Holdings in Huron Consulting Group Inc. $HURN

TradeLink Capital LLC acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,950 shares of the business services provider’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Huron Consulting Group during the 1st quarter worth $31,000. CWM LLC boosted its holdings in shares of Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 146 shares in the last quarter. Vestcor Inc bought a new position in Huron Consulting Group in the first quarter valued at about $60,000. SBI Securities Co. Ltd. grew its holdings in shares of Huron Consulting Group by 725.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 421 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 370 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Huron Consulting Group during the first quarter worth $72,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $164.13, for a total transaction of $328,260.00. Following the completion of the sale, the director directly owned 37,304 shares of the company’s stock, valued at $6,122,705.52. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO James Ronald Dail sold 7,824 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $169.53, for a total value of $1,326,402.72. Following the sale, the chief operating officer directly owned 31,184 shares of the company’s stock, valued at $5,286,623.52. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,308 shares of company stock worth $3,872,885 over the last three months. 2.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

HURN has been the subject of several recent research reports. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Barrington Research lifted their price objective on shares of Huron Consulting Group from $173.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Truist Financial boosted their target price on shares of Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Huron Consulting Group in a research note on Wednesday, October 8th. Finally, Benchmark raised their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Six 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 a consensus price target of $190.25.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $164.61 on Monday. Huron Consulting Group Inc. has a twelve month low of $118.25 and a twelve month high of $174.26. The stock’s 50 day moving average is $156.00 and its 200-day moving average is $144.10. The company has a quick ratio of 1.99, a current ratio of 1.44 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 27.57 and a beta of 0.28.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.24. The business had revenue of $441.28 million during the quarter, compared to the consensus estimate of $418.13 million. Huron Consulting Group had a net margin of 6.54% and a return on equity of 27.06%. Huron Consulting Group’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 EPS. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. Sell-side analysts forecast that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

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.