Susquehanna Fundamental Investments LLC acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,065 shares of the business services provider’s stock, valued at approximately $1,358,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Huron Consulting Group as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Huron Consulting Group by 179.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 828 shares of the business services provider’s stock worth $75,000 after buying an additional 532 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in Huron Consulting Group by 19.7% during the second quarter. Wedbush Securities Inc. now owns 2,461 shares of the business services provider’s stock worth $222,000 after acquiring an additional 405 shares during the period. Hsbc Holdings PLC purchased a new position in Huron Consulting Group in the second quarter worth $205,000. Corient Private Wealth LP purchased a new position in Huron Consulting Group in the second quarter worth $2,816,000. Finally, Bank of America Corp DE bought a new position in Huron Consulting Group in the 2nd quarter valued at $16,090,000. Institutional investors own 93.90% of the company’s stock.
Huron Consulting Group Stock Performance
Shares of HURN opened at $157.46 on Wednesday. Huron Consulting Group Inc. has a 1 year low of $84.88 and a 1 year high of $186.77. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71. The stock’s fifty day moving average price is $130.88 and its two-hundred day moving average price is $124.78. The firm has a market cap of $2.51 billion, a PE ratio of 23.57 and a beta of 0.07.
Insider Transactions at Huron Consulting Group
In other news, CEO C. Mark Hussey sold 24,072 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total value of $3,986,082.48. Following the sale, the chief executive officer owned 74,399 shares of the company’s stock, valued at $12,319,730.41. The trade was a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $152.67, for a total transaction of $70,075.53. Following the sale, the insider owned 1,050 shares in the company, valued at $160,303.50. The trade was a 30.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.07% of the stock is owned by company insiders.
Analyst Ratings Changes
HURN has been the topic of a number of recent analyst reports. Zacks Research upgraded Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Barrington Research restated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, June 17th. Truist Financial lowered their price objective on shares of Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Wedbush reiterated an “outperform” rating and issued a $160.00 target price on shares of Huron Consulting Group in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $184.25.
Read Our Latest Stock Analysis on HURN
Huron Consulting Group Company Profile
Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.
Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.
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