1,139,614 Shares in Huron Consulting Group Inc. (NASDAQ:HURN) Acquired by Van Berkom & Associates Inc.
Van Berkom & Associates Inc. acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,139,614 shares of the business services provider’s stock, valued at approximately $49,231,000. Van Berkom & Associates Inc. owned approximately 5.37% of Huron Consulting Group as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Boston Partners raised its stake in shares of Huron Consulting Group by 48.3% in the first quarter. Boston Partners now owns 733,269 shares of the business services provider’s stock worth $30,870,000 after buying an additional 238,882 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Huron Consulting Group by 29.4% in the first quarter. Advisors Asset Management Inc. now owns 6,964 shares of the business services provider’s stock worth $293,000 after buying an additional 1,581 shares during the period. First Trust Advisors LP raised its stake in shares of Huron Consulting Group by 61.8% in the first quarter. First Trust Advisors LP now owns 49,748 shares of the business services provider’s stock worth $2,094,000 after buying an additional 19,005 shares during the period. Stoneridge Investment Partners LLC bought a new stake in shares of Huron Consulting Group during the first quarter worth about $1,473,000. Finally, Wells Fargo & Company MN raised its stake in shares of Huron Consulting Group by 18.0% in the first quarter. Wells Fargo & Company MN now owns 50,255 shares of the business services provider’s stock worth $2,116,000 after buying an additional 7,658 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.
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Huron Consulting Group Inc. (NASDAQ HURN) traded down 0.84% on Monday, hitting $35.50. The stock had a trading volume of 360,632 shares. The company has a 50-day moving average of $42.34 and a 200 day moving average of $43.19. Huron Consulting Group Inc. has a 12 month low of $34.65 and a 12 month high of $64.00. The company’s market cap is $762.97 million.
Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.18. Huron Consulting Group had a positive return on equity of 8.83% and a negative net margin of 15.94%. The firm had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $191.83 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts predict that Huron Consulting Group Inc. will post $2.59 EPS for the current fiscal year.
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A number of brokerages have issued reports on HURN. Zacks Investment Research raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday, May 3rd. ValuEngine lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Benchmark Co. initiated coverage on shares of Huron Consulting Group in a report on Tuesday, May 23rd. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $60.00.
In related news, Director James D. Edwards sold 602 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.32, for a total transaction of $26,078.64. Following the completion of the sale, the director now directly owns 22,730 shares in the company, valued at $984,663.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by insiders.
About Huron Consulting Group
Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.
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