Advisors Asset Management Inc. cut its position in shares of Huron Consulting Group (NASDAQ:HURN) by 30.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,686 shares of the business services provider’s stock after selling 2,450 shares during the quarter. Advisors Asset Management Inc.’s holdings in Huron Consulting Group were worth $195,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of HURN. Pacad Investment Ltd. grew its stake in Huron Consulting Group by 80.0% during the 2nd quarter. Pacad Investment Ltd. now owns 2,700 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,200 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Huron Consulting Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,485 shares of the business services provider’s stock worth $151,000 after buying an additional 524 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Huron Consulting Group in the 2nd quarter worth approximately $177,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Huron Consulting Group by 194.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,151 shares of the business services provider’s stock worth $179,000 after purchasing an additional 2,739 shares during the last quarter. Finally, LaSalle Street Capital Management LLC bought a new stake in shares of Huron Consulting Group in the 2nd quarter worth approximately $238,000. Institutional investors and hedge funds own 89.59% of the company’s stock.
Several analysts have weighed in on HURN shares. Zacks Investment Research raised Huron Consulting Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. SunTrust Banks reaffirmed a “buy” rating and issued a $48.00 target price on shares of Huron Consulting Group in a research report on Friday, October 20th. Finally, William Blair raised Huron Consulting Group from a “market perform” rating to an “outperform” rating in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Huron Consulting Group presently has a consensus rating of “Hold” and a consensus target price of $48.00.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.12). Huron Consulting Group had a positive return on equity of 7.50% and a negative net margin of 17.09%. The firm had revenue of $176.40 million for the quarter, compared to analyst estimates of $181.27 million. During the same period in the prior year, the company posted $0.92 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. sell-side analysts predict that Huron Consulting Group will post 2.22 earnings per share for the current year.
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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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