Huron Consulting Group (HURN) Downgraded by BidaskClub

BidaskClub lowered shares of Huron Consulting Group (NASDAQ:HURN) from a strong-buy rating to a buy rating in a report released on Thursday morning.

A number of other brokerages also recently commented on HURN. Zacks Investment Research raised Huron Consulting Group from a sell rating to a hold rating in a research report on Monday, September 3rd. Barrington Research upgraded Huron Consulting Group from a market perform rating to an outperform rating and set a $55.00 target price on the stock in a report on Tuesday, August 28th. SunTrust Banks reiterated a buy rating and issued a $52.00 target price on shares of Huron Consulting Group in a report on Wednesday, August 1st. TheStreet upgraded Huron Consulting Group from a d+ rating to a c- rating in a report on Friday, July 20th. Finally, ValuEngine upgraded Huron Consulting Group from a hold rating to a buy rating in a report on Monday, July 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $53.00.

Shares of NASDAQ:HURN opened at $48.20 on Thursday. The firm has a market capitalization of $1.07 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.70 and a beta of 0.12. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.68. Huron Consulting Group has a 52 week low of $32.05 and a 52 week high of $50.40.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The business had revenue of $197.50 million during the quarter, compared to analysts’ expectations of $185.73 million. Huron Consulting Group had a negative net margin of 2.79% and a positive return on equity of 8.02%. Huron Consulting Group’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. research analysts anticipate that Huron Consulting Group will post 2.08 earnings per share for the current fiscal year.

In related news, CEO James H. Roth sold 17,500 shares of Huron Consulting Group stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $48.97, for a total value of $856,975.00. Following the transaction, the chief executive officer now owns 215,397 shares in the company, valued at $10,547,991.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of HURN. Segall Bryant & Hamill LLC lifted its stake in shares of Huron Consulting Group by 43.0% during the first quarter. Segall Bryant & Hamill LLC now owns 133,143 shares of the business services provider’s stock worth $5,073,000 after purchasing an additional 40,009 shares in the last quarter. Legal & General Group Plc lifted 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 worth $440,000 after purchasing an additional 3,847 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Huron Consulting Group by 1.6% during the first quarter. American Century Companies Inc. now owns 421,821 shares of the business services provider’s stock worth $16,071,000 after purchasing an additional 6,645 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Huron Consulting Group by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,476,405 shares of the business services provider’s stock worth $56,251,000 after purchasing an additional 83,354 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Huron Consulting Group by 7.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 189,967 shares of the business services provider’s stock worth $7,238,000 after purchasing an additional 13,793 shares in the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.

About Huron Consulting Group

Huron Consulting Group, Inc engages in the provision of operational and financial consulting services. It operates through the following business segments: Healthcare, Education, Business Advisory, and All Other. The Healthcare segment provides advisory services in the areas of organizational and resource alignment; clinical transformation; financial and operational performance; patient and caregiver engagement; and technology implementation and optimization.

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