Huron Consulting Group (HURN) is Mcclain Value Management LLC’s 5th Largest Position

Mcclain Value Management LLC reduced its holdings in Huron Consulting Group (NASDAQ:HURN) by 26.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 94,167 shares of the business services provider’s stock after selling 33,061 shares during the quarter. Huron Consulting Group comprises 6.3% of Mcclain Value Management LLC’s holdings, making the stock its 5th biggest holding. Mcclain Value Management LLC’s holdings in Huron Consulting Group were worth $4,652,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of Huron Consulting Group by 50.2% during the 2nd quarter. SG Americas Securities LLC now owns 5,244 shares of the business services provider’s stock worth $214,000 after purchasing an additional 1,752 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Huron Consulting Group by 50.0% during the 1st quarter. Legal & General Group Plc now owns 11,546 shares of the business services provider’s stock worth $440,000 after purchasing an additional 3,847 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in shares of Huron Consulting Group by 56.3% during the 2nd quarter. BlueMountain Capital Management LLC now owns 11,816 shares of the business services provider’s stock worth $483,000 after purchasing an additional 4,254 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Huron Consulting Group during the 3rd quarter worth about $217,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Huron Consulting Group by 83.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,795 shares of the business services provider’s stock worth $187,000 after purchasing an additional 4,923 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Shares of HURN opened at $53.37 on Monday. Huron Consulting Group has a 52 week low of $32.05 and a 52 week high of $57.00. The stock has a market capitalization of $1.20 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.89 and a beta of -0.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.60.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 30th. The business services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.05. Huron Consulting Group had a negative net margin of 2.23% and a positive return on equity of 8.93%. The business had revenue of $198.45 million for the quarter, compared to analyst estimates of $187.49 million. During the same quarter in the prior year, the business earned $0.43 EPS. Huron Consulting Group’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts expect that Huron Consulting Group will post 2.1 earnings per share for the current year.

HURN has been the topic of several recent analyst reports. TheStreet upgraded shares of Huron Consulting Group from a “d+” rating to a “c-” rating in a research note on Friday, July 20th. ValuEngine upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Benchmark upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, August 1st. SunTrust Banks reiterated a “buy” rating and issued a $52.00 price target on shares of Huron Consulting Group in a research note on Wednesday, August 1st. Finally, Zacks Investment Research lowered shares of Huron Consulting Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.75.

In other Huron Consulting Group news, Director James D. Edwards sold 735 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $49.21, for a total value of $36,169.35. Following the completion of the sale, the director now owns 24,371 shares of the company’s stock, valued at approximately $1,199,296.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James H. Roth sold 17,500 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $48.97, for a total transaction of $856,975.00. Following the completion of the sale, the chief executive officer now directly owns 215,397 shares of the company’s stock, valued at approximately $10,547,991.09. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

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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 performance, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

Read More: Balance Sheet

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Institutional Ownership by Quarter for Huron Consulting Group (NASDAQ:HURN)

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