Van Berkom & Associates Inc. Reduces Position in Huron Consulting Group (NASDAQ:HURN)

Van Berkom & Associates Inc. lessened its position in shares of Huron Consulting Group (NASDAQ:HURN) by 0.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,423,208 shares of the business services provider’s stock after selling 10,652 shares during the quarter. Huron Consulting Group comprises 2.1% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 20th biggest holding. Van Berkom & Associates Inc. owned about 0.06% of Huron Consulting Group worth $71,701,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new position in Huron Consulting Group during the second quarter worth $42,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Huron Consulting Group by 55.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,427 shares of the business services provider’s stock worth $67,000 after purchasing an additional 509 shares during the last quarter. Bank of Montreal Can acquired a new position in Huron Consulting Group during the second quarter worth $95,000. Panagora Asset Management Inc. acquired a new position in Huron Consulting Group during the second quarter worth $147,000. Finally, Aperio Group LLC acquired a new position in Huron Consulting Group during the second quarter worth $185,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

HURN has been the subject of several research reports. TheStreet raised Huron Consulting Group from a “c” rating to a “b” rating in a report on Wednesday, July 31st. Benchmark set a $60.00 price objective on Huron Consulting Group and gave the stock a “buy” rating in a report on Wednesday, July 31st. SunTrust Banks lifted their price objective on Huron Consulting Group to $74.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Barrington Research reissued an “outperform” rating and set a $68.00 price target (up previously from $57.00) on shares of Huron Consulting Group in a research report on Monday, August 5th. Finally, William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $68.00.

Huron Consulting Group stock traded down $0.55 during mid-day trading on Wednesday, hitting $62.14. 3,358 shares of the company were exchanged, compared to its average volume of 96,891. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.59 and a quick ratio of 0.59. The business’s 50 day simple moving average is $60.37 and its two-hundred day simple moving average is $52.16. The company has a market capitalization of $1.43 billion, a P/E ratio of 29.85, a PEG ratio of 1.85 and a beta of -0.07. Huron Consulting Group has a 12-month low of $44.78 and a 12-month high of $64.39.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.16. The company had revenue of $220.80 million during the quarter, compared to the consensus estimate of $205.51 million. Huron Consulting Group had a return on equity of 10.01% and a net margin of 2.76%. Huron Consulting Group’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 earnings per share. Equities research analysts predict that Huron Consulting Group will post 2.5 earnings per share for the current year.

In other news, CEO James H. Roth sold 17,500 shares of Huron Consulting Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $62.90, for a total value of $1,100,750.00. Following the completion of the sale, the chief executive officer now owns 189,795 shares of the company’s stock, valued at $11,938,105.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Massaro sold 547 shares of Huron Consulting Group stock in a transaction on Monday, July 1st. The shares were sold at an average price of $50.02, for a total value of $27,360.94. Following the completion of the sale, the director now directly owns 21,999 shares of the company’s stock, valued at approximately $1,100,389.98. The disclosure for this sale can be found here. Insiders have sold 29,047 shares of company stock valued at $1,799,221 in the last three months. 2.86% of the stock is currently owned by company insiders.

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 excellence, 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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