Mach 1 Financial Group LLC Takes Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Mach 1 Financial Group LLC purchased a new stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,200 shares of the business services provider’s stock, valued at approximately $432,000.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Huron Consulting Group during the 3rd quarter worth $481,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Huron Consulting Group during the third quarter worth about $228,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Huron Consulting Group by 3.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 44,577 shares of the business services provider’s stock valued at $4,643,000 after buying an additional 1,593 shares during the period. Redwood Investments LLC acquired a new position in shares of Huron Consulting Group in the third quarter valued at approximately $11,509,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Huron Consulting Group by 19.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,675 shares of the business services provider’s stock valued at $487,000 after buying an additional 756 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on HURN. Barrington Research increased their price objective on Huron Consulting Group from $128.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. StockNews.com cut Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

Huron Consulting Group Trading Down 6.4 %

Shares of HURN stock traded down $5.98 during mid-day trading on Wednesday, hitting $87.26. The company’s stock had a trading volume of 45,806 shares, compared to its average volume of 117,844. Huron Consulting Group Inc. has a 52 week low of $70.66 and a 52 week high of $113.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32. The company’s fifty day simple moving average is $96.21 and its 200-day simple moving average is $100.59. The company has a market cap of $1.61 billion, a PE ratio of 27.08 and a beta of 0.58.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.35. The firm had revenue of $355.96 million for the quarter, compared to analyst estimates of $348.80 million. Huron Consulting Group had a return on equity of 17.77% and a net margin of 4.47%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share. As a group, equities research analysts expect that Huron Consulting Group Inc. will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James H. Roth sold 6,804 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $95.00, for a total transaction of $646,380.00. Following the transaction, the director now owns 62,825 shares of the company’s stock, valued at approximately $5,968,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James H. Roth sold 6,804 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $95.00, for a total value of $646,380.00. Following the transaction, the director now directly owns 62,825 shares in the company, valued at approximately $5,968,375. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James H. Roth sold 2,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $103.22, for a total transaction of $206,440.00. Following the sale, the director now owns 68,040 shares of the company’s stock, valued at approximately $7,023,088.80. The disclosure for this sale can be found here. Insiders have sold a total of 42,080 shares of company stock valued at $4,146,076 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

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.