Stone Ridge Asset Management LLC Invests $217,000 in Huron Consulting Group (HURN) Stock

Stone Ridge Asset Management LLC purchased a new stake in shares of Huron Consulting Group (NASDAQ:HURN) in the third quarter, Holdings Channel reports. The firm purchased 4,388 shares of the business services provider’s stock, valued at approximately $217,000.

A number of other hedge funds have also made changes to their positions in HURN. Legal & General Group Plc grew its position 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 buying an additional 3,847 shares during the last quarter. Jennison Associates LLC grew its position in Huron Consulting Group by 5.4% during the 2nd quarter. Jennison Associates LLC now owns 342,717 shares of the business services provider’s stock worth $14,017,000 after purchasing an additional 17,703 shares in the last quarter. Boston Partners grew its position in Huron Consulting Group by 1.9% during the 2nd quarter. Boston Partners now owns 1,426,904 shares of the business services provider’s stock worth $58,360,000 after purchasing an additional 26,721 shares in the last quarter. SG Americas Securities LLC grew its position in Huron Consulting Group by 50.2% during the 2nd 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Huron Consulting Group by 16.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 222,078 shares of the business services provider’s stock worth $9,083,000 after purchasing an additional 32,111 shares in the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.

HURN has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. BidaskClub cut shares of Huron Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 13th. SunTrust Banks reiterated a “buy” rating and set a $52.00 price objective on shares of Huron Consulting Group in a research report on Wednesday, August 1st. Barrington Research set a $57.00 price objective on shares of Huron Consulting Group and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Finally, Benchmark upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.75.

In other Huron Consulting Group news, Director James D. Edwards sold 735 shares of Huron Consulting Group stock in a transaction on Monday, October 1st. The shares were sold at an average price of $49.21, for a total transaction of $36,169.35. Following the completion of the sale, the director now owns 24,371 shares of the company’s stock, valued at approximately $1,199,296.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James H. Roth sold 17,500 shares of Huron Consulting Group stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $48.97, for a total transaction of $856,975.00. Following the sale, the chief executive officer now directly owns 215,397 shares of the company’s stock, valued at approximately $10,547,991.09. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Shares of NASDAQ:HURN opened at $53.14 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 1.89 and a beta of -0.16. Huron Consulting Group has a 12-month low of $32.05 and a 12-month high of $57.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.37 and a quick ratio of 1.37.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, October 30th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. The company had revenue of $198.45 million during the quarter, compared to analyst estimates of $187.49 million. Huron Consulting Group had a negative net margin of 2.23% and a positive return on equity of 8.93%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Equities analysts forecast that Huron Consulting Group will post 2.1 EPS for the current fiscal year.

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Huron Consulting Group 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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Institutional Ownership by Quarter for Huron Consulting Group (NASDAQ:HURN)

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