Huron Consulting Group (NASDAQ:HURN) saw a significant decline in short interest during the month of November. As of November 29th, there was short interest totalling 121,700 shares, a decline of 7.9% from the November 14th total of 132,200 shares. Based on an average daily trading volume, of 100,700 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.5% of the shares of the company are short sold.
In other Huron Consulting Group news, EVP Diane E. Ratekin sold 7,904 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $66.59, for a total value of $526,327.36. Following the completion of the sale, the executive vice president now owns 35,943 shares in the company, valued at $2,393,444.37. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director George Massaro sold 760 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $61.35, for a total value of $46,626.00. Following the completion of the sale, the director now owns 21,239 shares of the company’s stock, valued at approximately $1,303,012.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,664 shares of company stock valued at $639,073. 2.86% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Huron Consulting Group by 489.4% during the second quarter. SG Americas Securities LLC now owns 33,780 shares of the business services provider’s stock worth $1,702,000 after purchasing an additional 28,049 shares during the last quarter. Aperio Group LLC purchased a new position in Huron Consulting Group in the second quarter worth $185,000. Russell Investments Group Ltd. purchased a new position in Huron Consulting Group in the third quarter worth $358,000. Voya Investment Management LLC raised its position in Huron Consulting Group by 2,794.2% in the third quarter. Voya Investment Management LLC now owns 268,119 shares of the business services provider’s stock worth $16,447,000 after acquiring an additional 258,855 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Huron Consulting Group by 8.0% in the third quarter. Rhumbline Advisers now owns 36,846 shares of the business services provider’s stock worth $2,260,000 after acquiring an additional 2,727 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.
Shares of Huron Consulting Group stock traded up $0.60 during trading hours on Friday, hitting $69.67. 59,527 shares of the company were exchanged, compared to its average volume of 78,652. Huron Consulting Group has a 1 year low of $44.78 and a 1 year high of $70.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $66.21 and a 200-day moving average of $59.04. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 1.98 and a beta of -0.08.
Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.13. Huron Consulting Group had a return on equity of 10.40% and a net margin of 3.25%. The business had revenue of $219.30 million during the quarter, compared to analysts’ expectations of $211.59 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, research analysts anticipate that Huron Consulting Group will post 2.58 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the company. Barrington Research boosted their price objective on Huron Consulting Group from $68.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. William Blair reiterated an “outperform” rating on shares of Huron Consulting Group in a research note on Thursday, September 12th. ValuEngine cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks boosted their price objective on Huron Consulting Group to $74.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Zacks Investment Research upgraded Huron Consulting Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $69.50.
About Huron Consulting Group
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
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