Cynosure Group LLC Reduces Stock Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Cynosure Group LLC decreased its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,287 shares of the business services provider’s stock after selling 645 shares during the period. Cynosure Group LLC’s holdings in Huron Consulting Group were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in HURN. Assetmark Inc. boosted its holdings in shares of Huron Consulting Group by 7.0% during the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the period. Andina Capital Management LLC boosted its holdings in shares of Huron Consulting Group by 4.5% during the 3rd quarter. Andina Capital Management LLC now owns 3,189 shares of the business services provider’s stock valued at $347,000 after buying an additional 137 shares in the last quarter. Creative Planning increased its stake in shares of Huron Consulting Group by 10.5% in the 3rd quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after acquiring an additional 246 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Huron Consulting Group during the second quarter worth about $28,000. Finally, Diversified Trust Co grew its holdings in Huron Consulting Group by 7.5% in the second quarter. Diversified Trust Co now owns 5,452 shares of the business services provider’s stock worth $537,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Stock Down 0.7 %

HURN opened at $123.70 on Friday. Huron Consulting Group Inc. has a twelve month low of $84.26 and a twelve month high of $131.06. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average price of $113.62 and a 200-day moving average price of $105.15. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 26.89 and a beta of 0.60.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The business had revenue of $370.00 million during the quarter, compared to analyst estimates of $377.63 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 EPS. Equities research analysts forecast that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the sale, the director now directly owns 54,825 shares in the company, valued at $7,040,626.50. This represents a 3.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.27, for a total value of $112,817.34. Following the transaction, the director now owns 28,840 shares in the company, valued at $3,122,506.80. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,126 shares of company stock valued at $604,420. Insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HURN shares. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, October 30th. Barrington Research upped their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $133.00.

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.