Huron Consulting Group (HURN) Sets New 52-Week High at $55.46

Shares of Huron Consulting Group (NASDAQ:HURN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.46 and last traded at $55.25, with a volume of 1631 shares trading hands. The stock had previously closed at $54.85.

HURN has been the topic of a number of research reports. Benchmark upgraded Huron Consulting Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Huron Consulting Group from a “sell” rating to a “hold” rating and set a $60.00 price target on the stock in a research report on Tuesday, October 30th. Barrington Research set a $57.00 price target on Huron Consulting Group and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. Finally, SunTrust Banks reiterated a “buy” rating and set a $52.00 price target on shares of Huron Consulting Group in a research report on Wednesday, August 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $55.75.

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.90 and a beta of -0.16.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, October 30th. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The business had revenue of $198.45 million for the quarter, compared to analysts’ expectations of $187.49 million. Huron Consulting Group had a positive return on equity of 8.93% and a negative net margin of 2.23%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Research analysts expect that Huron Consulting Group will post 2.09 EPS for the current year.

In related news, Director James D. Edwards sold 735 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $49.21, for a total value of $36,169.35. Following the completion of the transaction, the director now directly owns 24,371 shares of the company’s stock, valued at approximately $1,199,296.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James H. Roth sold 17,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 215,397 shares of the company’s stock, valued at $10,547,991.09. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in shares of Huron Consulting Group by 83.8% in the second quarter. Advisors Asset Management Inc. now owns 10,795 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 4,923 shares during the last quarter. SG Americas Securities LLC grew its holdings in Huron Consulting Group by 50.2% in the second quarter. SG Americas Securities LLC now owns 5,244 shares of the business services provider’s stock worth $214,000 after purchasing an additional 1,752 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in Huron Consulting Group in the third quarter worth $217,000. Sterling Capital Management LLC acquired a new stake in Huron Consulting Group in the second quarter worth $343,000. Finally, Legal & General Group Plc grew its holdings in Huron Consulting Group by 50.0% in 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 during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

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About Huron Consulting Group (NASDAQ:HURN)

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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