Jennison Associates LLC Sells 286,189 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Jennison Associates LLC decreased its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 32.3% during the fourth quarter, HoldingsChannel reports. The firm owned 599,525 shares of the business services provider’s stock after selling 286,189 shares during the quarter. Jennison Associates LLC’s holdings in Huron Consulting Group were worth $61,631,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Xponance Inc. bought a new stake in Huron Consulting Group during the fourth quarter valued at approximately $269,000. Strs Ohio boosted its position in shares of Huron Consulting Group by 90.9% in the fourth quarter. Strs Ohio now owns 8,400 shares of the business services provider’s stock worth $863,000 after purchasing an additional 4,000 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Huron Consulting Group by 242.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,078 shares of the business services provider’s stock worth $419,000 after purchasing an additional 2,886 shares during the period. New York State Teachers Retirement System bought a new position in shares of Huron Consulting Group in the fourth quarter worth approximately $175,000. Finally, International Assets Investment Management LLC bought a new position in shares of Huron Consulting Group in the fourth quarter worth approximately $42,000. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Trading Down 0.2 %

Shares of HURN opened at $92.99 on Wednesday. Huron Consulting Group Inc. has a twelve month low of $70.66 and a twelve month high of $113.31. The company has a market cap of $1.72 billion, a P/E ratio of 29.06 and a beta of 0.58. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $97.58 and its 200-day simple moving average is $101.04.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. Huron Consulting Group had a net margin of 4.47% and a return on equity of 17.77%. The business had revenue of $339.23 million for the quarter, compared to the consensus estimate of $341.71 million. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts expect that Huron Consulting Group Inc. will post 5.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barrington Research upped their target price on shares of Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. StockNews.com lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th.

Insider Activity at Huron Consulting Group

In related news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the sale, the director now owns 56,919 shares in the company, valued at approximately $5,585,461.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director John Mccartney sold 300 shares of Huron Consulting Group stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the sale, the director now owns 56,919 shares in the company, valued at approximately $5,585,461.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ernest W. Jr. Torain sold 650 shares of Huron Consulting Group stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $100.00, for a total transaction of $65,000.00. Following the sale, the executive vice president now owns 15,050 shares of the company’s stock, valued at approximately $1,505,000. The disclosure for this sale can be found here. Insiders sold 42,080 shares of company stock worth $4,146,076 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

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.