C. Mark Hussey Sells 11,000 Shares of Huron Consulting Group (NASDAQ:HURN) Stock

Huron Consulting Group (NASDAQ:HURN) insider C. Mark Hussey sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $61.01, for a total value of $671,110.00. Following the transaction, the insider now owns 78,507 shares in the company, valued at approximately $4,789,712.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of HURN stock traded down $1.64 during midday trading on Tuesday, reaching $60.49. 1,386 shares of the stock were exchanged, compared to its average volume of 114,766. Huron Consulting Group has a 1 year low of $44.78 and a 1 year high of $64.39. The company’s 50 day moving average is $55.72 and its two-hundred day moving average is $50.87. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.39 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 1.81 and a beta of -0.07.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.16. The company had revenue of $220.80 million for the quarter, compared to the consensus estimate of $205.51 million. Huron Consulting Group had a return on equity of 10.01% and a net margin of 2.76%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. As a group, equities analysts expect that Huron Consulting Group will post 2.5 EPS for the current fiscal year.

HURN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Huron Consulting Group from a “hold” rating to a “strong-buy” rating and set a $70.00 target price on the stock in a report on Friday, August 2nd. ValuEngine upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. SunTrust Banks set a $66.00 target price on Huron Consulting Group and gave the stock a “buy” rating in a report on Wednesday, July 31st. Barrington Research reiterated an “outperform” rating and set a $68.00 target price (up previously from $57.00) on shares of Huron Consulting Group in a report on Monday, August 5th. Finally, TheStreet upgraded Huron Consulting Group from a “c” rating to a “b” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $66.00.

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of Huron Consulting Group by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,076 shares of the business services provider’s stock worth $306,000 after buying an additional 372 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Huron Consulting Group by 3.0% in the 2nd quarter. AQR Capital Management LLC now owns 15,144 shares of the business services provider’s stock worth $763,000 after buying an additional 447 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Huron Consulting Group by 55.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,427 shares of the business services provider’s stock worth $67,000 after buying an additional 509 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Huron Consulting Group by 5.4% in the 2nd quarter. Rice Hall James & Associates LLC now owns 14,076 shares of the business services provider’s stock worth $709,000 after buying an additional 717 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of Huron Consulting Group in the 2nd quarter worth approximately $42,000. Institutional investors own 88.49% of the company’s stock.

Huron Consulting Group Company Profile

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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