Huron Consulting Group Inc. (HURN) Hits New 1-Year Low at $33.05
Shares of Huron Consulting Group Inc. (NASDAQ:HURN) reached a new 52-week low on Wednesday . The stock traded as low as $33.05 and last traded at $33.05, with a volume of 37,249 shares changing hands. The stock had previously closed at $33.30.
HURN has been the subject of several research reports. ValuEngine downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Huron Consulting Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. TheStreet downgraded Huron Consulting Group from a “c” rating to a “d+” rating in a research note on Monday, July 31st. Finally, Benchmark Co. assumed coverage on Huron Consulting Group in a research note on Tuesday, May 23rd. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.00.
The company’s market capitalization is $709.24 million. The company’s 50 day moving average is $41.11 and its 200-day moving average is $42.81.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $181.40 million for the quarter, compared to the consensus estimate of $191.83 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’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 $2.23 earnings per share for the current year.
In other news, Director James D. Edwards sold 602 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $43.32, for a total transaction of $26,078.64. Following the transaction, the director now owns 22,730 shares in the company, valued at approximately $984,663.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HURN. AQR Capital Management LLC increased its position in Huron Consulting Group by 46.0% in the fourth quarter. AQR Capital Management LLC now owns 10,212 shares of the business services provider’s stock valued at $517,000 after buying an additional 3,217 shares during the last quarter. Norges Bank bought a new position in Huron Consulting Group during the fourth quarter valued at about $18,029,000. Teachers Advisors LLC increased its position in Huron Consulting Group by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 35,394 shares of the business services provider’s stock valued at $1,793,000 after buying an additional 492 shares during the last quarter. Rice Hall James & Associates LLC increased its position in Huron Consulting Group by 2.0% in the first quarter. Rice Hall James & Associates LLC now owns 245,360 shares of the business services provider’s stock valued at $10,330,000 after buying an additional 4,725 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in Huron Consulting Group by 27.3% in the first quarter. First Mercantile Trust Co. now owns 10,860 shares of the business services provider’s stock valued at $457,000 after buying an additional 2,330 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.
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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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