Rhumbline Advisers Increases Holdings in Huron Consulting Group (NASDAQ:HURN)
Rhumbline Advisers grew its holdings in shares of Huron Consulting Group (NASDAQ:HURN) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,846 shares of the business services provider’s stock after purchasing an additional 2,727 shares during the quarter. Rhumbline Advisers’ holdings in Huron Consulting Group were worth $2,260,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Quantamental Technologies LLC purchased a new stake in shares of Huron Consulting Group during the 2nd quarter valued at $42,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Huron Consulting Group by 36.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,251 shares of the business services provider’s stock worth $77,000 after acquiring an additional 333 shares during the period. Bank of Montreal Can bought a new position in shares of Huron Consulting Group during the 2nd quarter worth $95,000. Panagora Asset Management Inc. bought a new position in shares of Huron Consulting Group during the 2nd quarter worth $147,000. Finally, Aperio Group LLC bought a new position in shares of Huron Consulting Group during the 2nd quarter worth $185,000. 88.83% of the stock is owned by hedge funds and other institutional investors.
In other Huron Consulting Group news, Director George Massaro sold 760 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $61.35, for a total value of $46,626.00. Following the sale, the director now owns 21,239 shares of the company’s stock, valued at approximately $1,303,012.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $62.90, for a total value of $1,100,750.00. Following the completion of the sale, the chief executive officer now directly owns 189,795 shares in the company, valued at approximately $11,938,105.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,164 shares of company stock worth $2,344,813. Insiders own 2.86% of the company’s stock.
Shares of NASDAQ HURN opened at $66.18 on Thursday. Huron Consulting Group has a 52 week low of $44.78 and a 52 week high of $68.40. The business has a 50-day simple moving average of $61.99 and a two-hundred day simple moving average of $56.22. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.51 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.90 and a beta of -0.09.
Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.66 by $0.13. Huron Consulting Group had a return on equity of 10.40% and a net margin of 3.25%. The business had revenue of $219.30 million during the quarter, compared to the consensus estimate of $211.59 million. During the same quarter last year, the company earned $0.64 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Huron Consulting Group will post 2.58 EPS for the current year.
Huron Consulting Group Company Profile
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
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