Capital International Investors raised its stake in Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) by 964.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,443 shares of the business services provider’s stock after buying an additional 89,193 shares during the period. Capital International Investors’ holdings in Huron Consulting Group were worth $17,022,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Maseco LLP bought a new position in shares of Huron Consulting Group in the fourth quarter valued at $29,000. Clearstead Advisors LLC increased its holdings in shares of Huron Consulting Group by 86.2% in the third quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider’s stock valued at $30,000 after buying an additional 94 shares in the last quarter. Strs Ohio bought a new position in shares of Huron Consulting Group in the fourth quarter valued at $35,000. Brown Brothers Harriman & Co. bought a new position in shares of Huron Consulting Group in the third quarter valued at $35,000. Finally, Advisory Services Network LLC bought a new position in shares of Huron Consulting Group in the third quarter valued at $36,000. Institutional investors own 93.90% of the company’s stock.
Huron Consulting Group Trading Up 0.8%
Huron Consulting Group stock opened at $110.54 on Wednesday. The company’s fifty day simple moving average is $118.65 and its 200-day simple moving average is $144.45. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.10. Huron Consulting Group Inc. has a 12 month low of $100.10 and a 12 month high of $186.77. The stock has a market cap of $1.79 billion, a P/E ratio of 18.86 and a beta of 0.08.
Insider Activity at Huron Consulting Group
In related news, Director Ekta Singh-Bushell sold 443 shares of Huron Consulting Group stock in a transaction on Monday, May 11th. The shares were sold at an average price of $118.44, for a total value of $52,468.92. Following the completion of the sale, the director owned 13,646 shares of the company’s stock, valued at approximately $1,616,232.24. The trade was a 3.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Mccartney sold 500 shares of Huron Consulting Group stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $127.68, for a total transaction of $63,840.00. Following the completion of the sale, the director directly owned 40,817 shares of the company’s stock, valued at approximately $5,211,514.56. The trade was a 1.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 3,658 shares of company stock valued at $415,931. Insiders own 2.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Weiss Ratings cut Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Wedbush reiterated an “outperform” rating and set a $160.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Truist Financial lowered their price objective on shares of Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Huron Consulting Group currently has a consensus rating of “Moderate Buy” and an average target price of $184.25.
Check Out Our Latest Report on HURN
Huron Consulting Group Profile
Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.
Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.
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