William Blair Upgrades Huron Consulting Group Inc. (HURN) to “Outperform”
Huron Consulting Group Inc. (NASDAQ:HURN) was upgraded by equities research analysts at William Blair from a “market perform” rating to an “outperform” rating in a report released on Friday, MarketBeat reports.
HURN has been the subject of a number of other reports. ValuEngine lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Huron Consulting Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 31st. Benchmark Co. began coverage on Huron Consulting Group in a report on Tuesday, May 23rd. They issued a “hold” rating for the company. Finally, TheStreet lowered Huron Consulting Group from a “c” rating to a “d+” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.00.
Shares of Huron Consulting Group (NASDAQ HURN) traded up 6.14% during midday trading on Friday, hitting $32.85. The company had a trading volume of 229,773 shares. The firm’s market capitalization is $706.01 million. The company has a 50-day moving average of $33.84 and a 200 day moving average of $40.42. Huron Consulting Group has a 12 month low of $29.52 and a 12 month high of $63.15.
Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Thursday, July 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.18. The company had revenue of $181.40 million during the quarter, compared to analysts’ expectations of $191.83 million. Huron Consulting Group had a negative net margin of 15.94% and a positive return on equity of 8.83%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. On average, analysts expect that Huron Consulting Group will post $2.22 EPS for the current fiscal year.
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In other Huron Consulting Group news, Director James D. Edwards sold 602 shares of Huron Consulting Group stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.32, for a total transaction of $26,078.64. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in Huron Consulting Group by 121.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,742 shares of the business services provider’s stock worth $284,000 after buying an additional 3,696 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Huron Consulting Group by 6.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 109,035 shares of the business services provider’s stock worth $4,590,000 after buying an additional 6,926 shares during the last quarter. American Century Companies Inc. purchased a new stake in Huron Consulting Group during the 2nd quarter worth about $13,881,000. Citadel Advisors LLC lifted its holdings in Huron Consulting Group by 175.9% during the 1st quarter. Citadel Advisors LLC now owns 69,583 shares of the business services provider’s stock worth $2,929,000 after buying an additional 44,365 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its holdings in Huron Consulting Group by 16.8% during the 1st quarter. Virginia Retirement Systems ET AL now owns 22,900 shares of the business services provider’s stock worth $964,000 after buying an additional 3,300 shares during the last quarter. 88.49% of the stock is owned by institutional investors.
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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