Huron Consulting Group Inc. (NASDAQ:HURN) Director H Eugene Lockhart Sells 12,500 Shares

Huron Consulting Group Inc. (NASDAQ:HURN) Director H Eugene Lockhart sold 12,500 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the director now directly owns 12,172 shares in the company, valued at $1,825,800. This trade represents a 50.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

H Eugene Lockhart also recently made the following trade(s):

• On Monday, February 3rd, H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock. The shares were sold at an average price of $125.15, for a total transaction of $130,406.30.
• On Monday, December 2nd, H Eugene Lockhart sold 1,042 shares of Huron Consulting Group stock. The stock was sold at an average price of $122.81, for a total value of $127,968.02.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN traded up $2.38 during trading on Friday, reaching $151.96. The company had a trading volume of 149,987 shares, compared to its average volume of 130,524. Huron Consulting Group Inc. has a fifty-two week low of $84.26 and a fifty-two week high of $153.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. The stock’s fifty day moving average price is $126.92 and its 200 day moving average price is $117.81. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 32.99 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $399.31 million for the quarter, compared to analysts’ expectations of $380.62 million. As a group, equities research analysts predict that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HURN. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group in the 4th quarter valued at approximately $33,000. Voloridge Investment Management LLC purchased a new position in shares of Huron Consulting Group during the 4th quarter worth approximately $3,059,000. Squarepoint Ops LLC lifted its holdings in shares of Huron Consulting Group by 355.5% in the 4th quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider’s stock valued at $2,218,000 after buying an additional 13,934 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Huron Consulting Group in the fourth quarter valued at approximately $348,000. Finally, ProShare Advisors LLC boosted its stake in shares of Huron Consulting Group by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 4,947 shares of the business services provider’s stock valued at $615,000 after buying an additional 1,627 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Barrington Research raised their target price on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial reiterated a “buy” rating and issued a $165.00 price target (up previously from $140.00) on shares of Huron Consulting Group in a research report on Wednesday. Finally, Wedbush assumed coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $151.75.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.