Huron Consulting Group Inc. (NASDAQ:HURN) Short Interest Down 5.3% in April

Huron Consulting Group Inc. (NASDAQ:HURN) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 265,400 shares, a drop of 5.3% from the March 31st total of 280,400 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 118,400 shares, the days-to-cover ratio is presently 2.2 days.

Huron Consulting Group Trading Down 0.5 %

HURN traded down $0.44 on Tuesday, hitting $93.24. The company had a trading volume of 153,217 shares, compared to its average volume of 118,551. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.72 billion, a P/E ratio of 29.28 and a beta of 0.58. The company’s fifty day moving average price is $96.44 and its 200 day moving average price is $100.66. Huron Consulting Group has a 1 year low of $70.66 and a 1 year high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. Huron Consulting Group had a net margin of 4.47% and a return on equity of 17.77%. The firm had revenue of $339.23 million for the quarter, compared to analyst estimates of $341.71 million. During the same period in the prior year, the business posted $1.12 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that Huron Consulting Group will post 5.64 earnings per share for the current year.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.13, for a total transaction of $29,439.00. Following the transaction, the director now directly owns 56,919 shares of the company’s stock, valued at $5,585,461.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Huron Consulting Group news, Director John Mccartney sold 300 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the sale, the director now directly owns 56,919 shares in the company, valued at approximately $5,585,461.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James H. Roth sold 6,804 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $95.00, for a total value of $646,380.00. Following the completion of the transaction, the director now owns 62,825 shares in the company, valued at approximately $5,968,375. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,080 shares of company stock valued at $4,146,076. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently modified their holdings of the company. Oliver Luxxe Assets LLC boosted its position in Huron Consulting Group by 2.9% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 7,936 shares of the business services provider’s stock valued at $827,000 after buying an additional 223 shares during the period. Keybank National Association OH raised its holdings in Huron Consulting Group by 4.7% during the third quarter. Keybank National Association OH now owns 5,037 shares of the business services provider’s stock worth $525,000 after purchasing an additional 225 shares in the last quarter. Assetmark Inc. lifted its position in Huron Consulting Group by 28.6% in the third quarter. Assetmark Inc. now owns 1,098 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 244 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Huron Consulting Group in the 4th quarter valued at about $25,000. Finally, Franklin Resources Inc. grew its position in shares of Huron Consulting Group by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 9,927 shares of the business services provider’s stock worth $1,020,000 after acquiring an additional 396 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Barrington Research raised their target price on shares of Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th.

Huron Consulting Group Company Profile

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.