Huron Consulting Group Inc. (HURN) Receives Average Recommendation of “Hold” from Analysts
Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.
Several analysts have recently weighed in on HURN shares. Zacks Investment Research downgraded Huron Consulting Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Avondale Partners upgraded Huron Consulting Group from a “market perform” rating to an “outperform” rating in a research report on Friday, March 24th. Barrington Research downgraded Huron Consulting Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 21st. Benchmark Co. started coverage on Huron Consulting Group in a report on Tuesday, May 23rd. They issued a “hold” rating for the company. Finally, ValuEngine downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
In related news, COO C. Mark Hussey sold 2,500 shares of Huron Consulting Group stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $39.60, for a total value of $99,000.00. Following the completion of the sale, the chief operating officer now directly owns 42,908 shares in the company, valued at $1,699,156.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Huron Consulting Group during the fourth quarter valued at $18,029,000. Boston Partners increased its stake in Huron Consulting Group by 48.3% in the first quarter. Boston Partners now owns 733,269 shares of the business services provider’s stock valued at $30,870,000 after buying an additional 238,882 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Huron Consulting Group during the first quarter valued at $4,423,000. Dimensional Fund Advisors LP increased its stake in Huron Consulting Group by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,274,091 shares of the business services provider’s stock valued at $53,639,000 after buying an additional 104,133 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Huron Consulting Group during the first quarter valued at $2,178,000. Hedge funds and other institutional investors own 88.36% of the company’s stock.
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Shares of Huron Consulting Group (HURN) opened at 42.35 on Monday. The stock’s 50 day moving average is $43.15 and its 200 day moving average is $45.05. Huron Consulting Group has a 52-week low of $39.15 and a 52-week high of $65.00. The firm has a market capitalization of $899.47 million, a PE ratio of 24.62 and a beta of 0.16.
Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Monday, May 1st. The business services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Huron Consulting Group had a return on equity of 10.43% and a net margin of 4.58%. The business had revenue of $188.80 million during the quarter, compared to the consensus estimate of $177.10 million. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Huron Consulting Group will post $2.59 EPS for the current year.
About Huron Consulting Group
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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