BloombergSen Inc. Has $53.60 Million Stock Holdings in Huron Consulting Group Inc. $HURN

BloombergSen Inc. raised its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 56.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 365,167 shares of the business services provider’s stock after buying an additional 131,365 shares during the period. Huron Consulting Group makes up 3.3% of BloombergSen Inc.’s investment portfolio, making the stock its 13th biggest position. BloombergSen Inc.’s holdings in Huron Consulting Group were worth $53,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HURN. Richardson Financial Services Inc. boosted its holdings in shares of Huron Consulting Group by 68.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 79 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Huron Consulting Group in the second quarter valued at $41,000. McIlrath & Eck LLC bought a new position in Huron Consulting Group during the 3rd quarter worth $46,000. EverSource Wealth Advisors LLC lifted its stake in shares of Huron Consulting Group by 1,018.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the business services provider’s stock worth $51,000 after acquiring an additional 336 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in Huron Consulting Group by 725.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 421 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 370 shares during the period. Institutional investors own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $164.57, for a total value of $329,140.00. Following the transaction, the director directly owned 35,304 shares in the company, valued at $5,809,979.28. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ekta Singh-Bushell sold 1,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $178.55, for a total value of $178,550.00. Following the completion of the sale, the director directly owned 14,341 shares of the company’s stock, valued at $2,560,585.55. This represents a 6.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,049 shares of company stock valued at $3,660,668 in the last 90 days. 2.15% of the stock is currently owned by company insiders.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $183.46 on Tuesday. Huron Consulting Group Inc. has a 52 week low of $120.25 and a 52 week high of $186.77. The company’s 50 day moving average price is $173.38 and its two-hundred day moving average price is $153.22. The stock has a market cap of $3.16 billion, a P/E ratio of 30.73 and a beta of 0.11. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.18.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.24. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.The company had revenue of $441.28 million during the quarter, compared to the consensus estimate of $418.13 million. During the same period last year, the business posted $1.68 earnings per share. Huron Consulting Group’s revenue was up 16.7% on a year-over-year basis. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. On average, equities analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HURN has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Truist Financial increased their price objective on shares of Huron Consulting Group from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Barrington Research boosted their target price on Huron Consulting Group from $190.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Wedbush lifted their price target on shares of Huron Consulting Group from $165.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $215.50.

About Huron Consulting Group

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.