California Public Employees Retirement System reduced its holdings in Huron Consulting Group (NASDAQ:HURN) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,096 shares of the business services provider’s stock after selling 9,543 shares during the period. California Public Employees Retirement System owned approximately 0.22% of Huron Consulting Group worth $3,443,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of HURN. Voya Investment Management LLC increased its holdings in Huron Consulting Group by 2,794.2% in the third quarter. Voya Investment Management LLC now owns 268,119 shares of the business services provider’s stock valued at $16,447,000 after purchasing an additional 258,855 shares during the last quarter. Castleark Management LLC bought a new stake in Huron Consulting Group in the third quarter valued at about $3,514,000. Columbus Circle Investors bought a new stake in Huron Consulting Group in the third quarter valued at about $1,662,000. SG Americas Securities LLC increased its holdings in Huron Consulting Group by 67.4% in the third quarter. SG Americas Securities LLC now owns 56,542 shares of the business services provider’s stock valued at $3,468,000 after purchasing an additional 22,762 shares during the last quarter. Finally, Strs Ohio bought a new stake in Huron Consulting Group in the fourth quarter valued at about $934,000. 86.86% of the stock is currently owned by institutional investors.
In other news, Director George Massaro sold 760 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $68.70, for a total value of $52,212.00. Following the completion of the sale, the director now directly owns 18,479 shares of the company’s stock, valued at $1,269,507.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.86% of the company’s stock.
HURN has been the subject of several recent analyst reports. SunTrust Banks increased their price target on Huron Consulting Group from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Zacks Investment Research cut Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Barrington Research increased their price target on Huron Consulting Group from $68.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, BidaskClub cut Huron Consulting Group from a “sell” rating to a “strong sell” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $71.00.
HURN opened at $66.49 on Wednesday. Huron Consulting Group has a 12-month low of $44.78 and a 12-month high of $70.91. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 1.76 and a beta of -0.01. The business has a 50 day moving average of $67.43 and a 200-day moving average of $64.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.19.
Huron Consulting Group 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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