Prudential Financial Inc. acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 51,744 shares of the business services provider’s stock, valued at approximately $2,178,000. Prudential Financial Inc. owned about 0.25% of Huron Consulting Group as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its position in Huron Consulting Group by 18.1% in the first quarter. Quantbot Technologies LP now owns 3,823 shares of the business services provider’s stock valued at $160,000 after buying an additional 585 shares during the last quarter. Advisors Asset Management Inc. increased its position in Huron Consulting Group by 29.4% in the first quarter. Advisors Asset Management Inc. now owns 6,964 shares of the business services provider’s stock valued at $293,000 after buying an additional 1,581 shares during the last quarter. AQR Capital Management LLC increased its position in Huron Consulting Group by 46.0% in the fourth quarter. AQR Capital Management LLC now owns 10,212 shares of the business services provider’s stock valued at $517,000 after buying an additional 3,217 shares during the last quarter. First Mercantile Trust Co. increased its position in Huron Consulting Group by 27.3% in the first quarter. First Mercantile Trust Co. now owns 10,860 shares of the business services provider’s stock valued at $457,000 after buying an additional 2,330 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in Huron Consulting Group during the fourth quarter valued at $613,000. 88.15% of the stock is owned by institutional investors.
Shares of Huron Consulting Group Inc. (HURN) traded down 14.56% during midday trading on Friday, hitting $35.80. The stock had a trading volume of 447,823 shares. The firm’s market cap is $791.00 million. The company’s 50-day moving average price is $42.34 and its 200-day moving average price is $43.19. Huron Consulting Group Inc. has a 12-month low of $34.65 and a 12-month high of $64.00.
Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.18. Huron Consulting Group had a negative net margin of 15.94% and a positive return on equity of 8.38%. The firm had revenue of $181.40 million for the quarter, compared to analyst estimates of $191.83 million. During the same period last year, the firm earned $1.09 earnings per share. Huron Consulting Group’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts forecast that Huron Consulting Group Inc. will post $2.59 EPS for the current year.
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Several research firms have weighed in on HURN. Zacks Investment Research downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Benchmark Co. began coverage on Huron Consulting Group in a research report on Tuesday, May 23rd. They set a “hold” rating for the company. Finally, ValuEngine downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $60.00.
In other Huron Consulting Group news, Director James D. Edwards sold 602 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $43.32, for a total transaction of $26,078.64. Following the sale, the director now directly owns 22,730 shares of the company’s stock, valued at approximately $984,663.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by insiders.
Huron Consulting Group Company Profile
Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.
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