Zacks Investment Research Downgrades Huron Consulting Group (HURN) to Sell

Huron Consulting Group (NASDAQ:HURN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Huron Consulting Group Inc. is the parent company of Huron Consulting Services LLC, an independent provider of financial and operational consulting services. Huron’s experienced and credentialed professionals employ their expertise in accounting, finance, economics and operations to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations and the law firms that represent these various organizations. “

Several other analysts have also issued reports on the stock. BidaskClub upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. ValuEngine upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 24th. TheStreet upgraded shares of Huron Consulting Group from a “d+” rating to a “c-” rating in a research report on Friday, July 20th. Finally, SunTrust Banks restated a “buy” rating and set a $52.00 price target on shares of Huron Consulting Group in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $52.00.

Huron Consulting Group traded down $0.45, hitting $45.05, during trading on Thursday, according to Marketbeat.com. 376,900 shares of the company’s stock traded hands, compared to its average volume of 112,303. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.75. Huron Consulting Group has a 12-month low of $29.52 and a 12-month high of $48.45. The firm has a market cap of $978.37 million, a price-to-earnings ratio of 20.95, a PEG ratio of 1.47 and a beta of 0.12.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.02). Huron Consulting Group had a negative net margin of 2.79% and a positive return on equity of 8.05%. The business had revenue of $197.50 million for the quarter, compared to analysts’ expectations of $185.73 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. equities analysts expect that Huron Consulting Group will post 2.21 earnings per share for the current fiscal year.

In other news, CEO James H. Roth sold 17,500 shares of the company’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $40.55, for a total transaction of $709,625.00. Following the completion of the transaction, the chief executive officer now directly owns 222,897 shares of the company’s stock, valued at $9,038,473.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. Jennison Associates LLC raised its stake in shares of Huron Consulting Group by 5.4% during the second quarter. Jennison Associates LLC now owns 342,717 shares of the business services provider’s stock valued at $14,017,000 after acquiring an additional 17,703 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Huron Consulting Group during the second quarter valued at about $6,360,000. Polar Asset Management Partners Inc. bought a new position in shares of Huron Consulting Group during the first quarter valued at about $8,595,000. Royal Bank of Canada raised its stake in shares of Huron Consulting Group by 9.0% during the first quarter. Royal Bank of Canada now owns 730,499 shares of the business services provider’s stock valued at $27,832,000 after acquiring an additional 60,427 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Huron Consulting Group by 50.0% during the first quarter. Legal & General Group Plc now owns 11,546 shares of the business services provider’s stock valued at $440,000 after acquiring an additional 3,847 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.

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