Lisanti Capital Growth LLC Purchases New Holdings in Huron Consulting Group Inc. $HURN

Lisanti Capital Growth LLC purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,035 shares of the business services provider’s stock, valued at approximately $2,515,000.

Several other large investors also recently modified their holdings of the stock. Jupiter Topco LLC bought a new position in Huron Consulting Group during the second quarter worth $752,000. Legal & General Group Plc bought a new stake in Huron Consulting Group in the second quarter valued at $1,465,000. Corient Private Wealth LP bought a new stake in Huron Consulting Group in the second quarter valued at $2,816,000. The Manufacturers Life Insurance Company bought a new stake in Huron Consulting Group in the second quarter valued at $767,000. Finally, Congress Asset Management Co. raised its holdings in shares of Huron Consulting Group by 12.5% during the third quarter. Congress Asset Management Co. now owns 106,781 shares of the business services provider’s stock valued at $16,746,000 after purchasing an additional 11,836 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HURN shares. Wedbush increased their price objective on shares of Huron Consulting Group from $160.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Truist Financial raised their target price on Huron Consulting Group from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Wall Street Zen lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Weiss Ratings downgraded Huron Consulting Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Finally, Zacks Research downgraded Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.50.

Huron Consulting Group Price Performance

Shares of HURN opened at $168.16 on Thursday. The business’s fifty day moving average is $168.61 and its 200 day moving average is $138.63. Huron Consulting Group Inc. has a 12-month low of $84.88 and a 12-month high of $203.37. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 2.02. The stock has a market cap of $2.65 billion, a P/E ratio of 25.02 and a beta of 0.09.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.15. Huron Consulting Group had a net margin of 6.10% and a return on equity of 35.61%. The business had revenue of $491.45 million during the quarter, compared to analyst estimates of $481.38 million. During the same quarter in the previous year, the business posted $2.10 EPS. Huron Consulting Group’s quarterly revenue was up 11.4% on a year-over-year basis. Sell-side analysts anticipate that Huron Consulting Group Inc. will post 9.26 earnings per share for the current fiscal year.

Huron Consulting Group Profile

Huron Consulting Group is a global professional services firm that advises organizations on business strategy, operations, technology and performance improvement. Founded in 2002 and headquartered in Chicago, the company serves clients in the United States and internationally. Huron organizes its work around healthcare, education and commercial markets. Its services include operational and financial consulting, digital transformation, technology implementation, data and analytics, and support with regulatory and organizational challenges.