Huron Consulting Group (HURN) Downgraded by BidaskClub

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

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Huron Consulting Group from a sell rating to a hold rating in a report on Monday, September 3rd. Barrington Research raised Huron Consulting Group from a market perform rating to an outperform rating and set a $55.00 price objective for the company in a report on Tuesday, August 28th. SunTrust Banks reaffirmed a buy rating and set a $52.00 price objective on shares of Huron Consulting Group in a report on Wednesday, August 1st. Benchmark raised Huron Consulting Group from a hold rating to a buy rating and set a $52.00 price objective for the company in a report on Wednesday, August 1st. Finally, ValuEngine raised Huron Consulting Group from a hold rating to a buy rating in a report on Monday, July 30th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Huron Consulting Group currently has a consensus rating of Buy and a consensus target price of $53.00.

Shares of HURN stock opened at $48.20 on Thursday. The firm has a market cap of $1.07 billion, a P/E ratio of 25.40, a PEG ratio of 1.70 and a beta of 0.12. Huron Consulting Group has a 1 year low of $32.05 and a 1 year high of $50.40. 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 (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.02). The firm had revenue of $197.50 million for the quarter, compared to analyst estimates of $185.73 million. Huron Consulting Group had a positive return on equity of 8.02% and a negative net margin of 2.79%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. research analysts predict that Huron Consulting Group will post 2.08 earnings per share for the current year.

In other Huron Consulting Group news, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $48.97, for a total transaction of $856,975.00. Following the completion of the transaction, the chief executive officer now owns 215,397 shares of the company’s stock, valued at $10,547,991.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. increased its position in Huron Consulting Group by 42.4% during the first quarter. Asset Management One Co. Ltd. now owns 5,040 shares of the business services provider’s stock worth $192,000 after buying an additional 1,500 shares in the last quarter. SG Americas Securities LLC increased its position in Huron Consulting Group by 50.2% during the second quarter. SG Americas Securities LLC now owns 5,244 shares of the business services provider’s stock worth $214,000 after buying an additional 1,752 shares in the last quarter. New York State Common Retirement Fund increased its position in Huron Consulting Group by 6.4% during the first quarter. New York State Common Retirement Fund now owns 31,524 shares of the business services provider’s stock worth $1,201,000 after buying an additional 1,900 shares in the last quarter. Legal & General Group Plc increased its position in 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 buying an additional 3,847 shares in the last quarter. Finally, BlueMountain Capital Management LLC increased its position in Huron Consulting Group by 56.3% during the second quarter. BlueMountain Capital Management LLC now owns 11,816 shares of the business services provider’s stock worth $483,000 after buying an additional 4,254 shares in the last quarter. 89.11% of the stock is owned by institutional investors.

Huron Consulting Group Company Profile

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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