Glenmede Trust Co. NA Has $127,000 Position in Huron Consulting Group Inc. (HURN)
Glenmede Trust Co. NA held its stake in Huron Consulting Group Inc. (NASDAQ:HURN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,119 shares of the company’s stock at the end of the second quarter. Glenmede Trust Co. NA’s holdings in Huron Consulting Group were worth $127,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP acquired a new stake in Huron Consulting Group during the second quarter valued at $1,331,000. DIAM Co. Ltd. raised its stake in Huron Consulting Group by 5.3% in the second quarter. DIAM Co. Ltd. now owns 29,599 shares of the company’s stock valued at $1,733,000 after buying an additional 1,479 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Huron Consulting Group during the second quarter valued at $481,000. Hood River Capital Management LLC raised its stake in Huron Consulting Group by 2.7% in the second quarter. Hood River Capital Management LLC now owns 168,104 shares of the company’s stock valued at $10,157,000 after buying an additional 4,491 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in Huron Consulting Group by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 224,226 shares of the company’s stock valued at $13,548,000 after buying an additional 3,182 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.
Shares of Huron Consulting Group Inc. (NASDAQ:HURN) traded down 0.94% during trading on Friday, hitting $60.16. 202,351 shares of the stock traded hands. The firm’s 50-day moving average price is $62.08 and its 200-day moving average price is $59.54. Huron Consulting Group Inc. has a 52 week low of $43.35 and a 52 week high of $75.05. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 22.13 and a beta of 0.51.
Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.29. The firm earned $184.26 million during the quarter, compared to analysts’ expectations of $186.50 million. Huron Consulting Group had a return on equity of 13.17% and a net margin of 7.22%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. On average, equities research analysts anticipate that Huron Consulting Group Inc. will post $3.42 earnings per share for the current year.
Several analysts have weighed in on the stock. Barrington Research boosted their target price on shares of Huron Consulting Group from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Zacks Investment Research lowered shares of Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $70.00.
In other news, CEO James H. Roth sold 7,500 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $60.89, for a total value of $456,675.00. Following the completion of the sale, the chief executive officer now directly owns 173,585 shares of the company’s stock, valued at $10,569,590.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John S. Moody sold 441 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $60.83, for a total value of $26,826.03. Following the completion of the sale, the director now directly owns 20,564 shares of the company’s stock, valued at $1,250,908.12. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
About Huron Consulting Group
Huron Consulting Group Inc is a professional services firm focused on assisting clients with their business issues by delivering solutions to support their strategic objectives. The Company’s segments are Huron Healthcare, which provides advisory, consulting and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals and physician practices; Huron Education and Life Sciences, which provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries; Huron Business Advisory, which provides services to the C-suite of middle market and organizations, institutions, law firms, investment banks and private equity firms, and All Other, which consists of any line of business not managed by its other operating segments.
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