UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 28,358 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 489,650 shares of the business services provider’s stock after selling 28,358 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Huron Consulting Group were worth $53,225,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HURN. Assetmark Inc. raised its position in Huron Consulting Group by 7.0% during the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 90 shares in the last quarter. Andina Capital Management LLC grew its position in shares of Huron Consulting Group by 4.5% during the 3rd quarter. Andina Capital Management LLC now owns 3,189 shares of the business services provider’s stock worth $347,000 after buying an additional 137 shares in the last quarter. Creative Planning increased its stake in shares of Huron Consulting Group by 10.5% during the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after buying an additional 246 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Huron Consulting Group in the second quarter valued at about $28,000. Finally, Diversified Trust Co lifted its stake in Huron Consulting Group by 7.5% in the second quarter. Diversified Trust Co now owns 5,452 shares of the business services provider’s stock worth $537,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research boosted their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Huron Consulting Group has an average rating of “Buy” and a consensus price target of $133.00.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock opened at $123.58 on Wednesday. The company has a market capitalization of $2.19 billion, a PE ratio of 26.87 and a beta of 0.60. The company has a 50-day simple moving average of $114.73 and a two-hundred day simple moving average of $106.30. Huron Consulting Group Inc. has a one year low of $84.26 and a one year high of $131.06. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The firm had revenue of $370.00 million for the quarter, compared to the consensus estimate of $377.63 million. During the same quarter in the previous year, the firm earned $1.39 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts expect that Huron Consulting Group Inc. will post 6.1 EPS for the current fiscal year.

Insider Transactions at Huron Consulting Group

In related news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $108.27, for a total transaction of $112,817.34. Following the transaction, the director now directly owns 28,840 shares in the company, valued at $3,122,506.80. The trade was a 3.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $128.42, for a total value of $256,840.00. Following the completion of the sale, the director now owns 54,825 shares of the company’s stock, valued at approximately $7,040,626.50. This trade represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,084 shares of company stock valued at $490,342. Corporate insiders own 2.20% of the company’s stock.

Huron Consulting Group 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.