Huron Consulting Group (NASDAQ: HURN) Stock Passes Above 200 Day Moving Average of 51.58


Shares of Huron Consulting Group Inc. (NASDAQ: HURN – Get Rating) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of 51.58 and traded as high as 64.43. Huron Consulting Group shares last traded at 63.40, with a volume of 220,360 shares traded.

Several brokerages recently issued reports on HURN. Barrington Research raised their target price on shares of Huron Consulting Group from $ 72.00 to $ 75.00 in a report on Friday, May 6th. TheStreet upgraded shares of Huron Consulting Group from a “c +” rating to a “b-” rating in a research note on Thursday, April 21st. Finally, StockNews.com upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 17th.

The business’s fifty day simple moving average is 58.95 and its 200-day simple moving average is $ 51.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of 1.35 billion, a P / E ratio of 16.05 and a beta of 0.60.

Huron Consulting Group (NASDAQ: HURN – Get Rating) last posted its earnings results on Tuesday, May 3rd. The business services provider reported $ 0.49 earnings per share for the quarter, topping analysts’ consensus estimates of 0.30 by $ 0.19. Huron Consulting Group had a net margin of 8.56% and a return on equity of 10.67%. The firm had revenue of 260.00 million for the quarter, compared to the consensus estimate of $ 234.67 million. During the same period in the previous year, the firm posted $ 0.35 EPS. The business’s quarterly revenue was up 28.0% on a year-over-year basis. As a group, analysts forecast that Huron Consulting Group Inc. will post 3.2 EPS for the current year.

In related news, CEO James H. Roth sold 16,000 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of 60.38, for a total transaction of $ 966,080.00. Following the transaction, the chief executive officer now directly owns 107,230 shares in the company, valued at approximately, 6,474,547.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.02% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Huron Consulting Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,041,969 shares of the business services provider’s stock valued at $ 93,542,000 after purchasing an additional 21,752 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Huron Consulting Group by 57.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,621,725 ​​shares of the business services provider’s stock valued at $ 74,291,000 after buying an additional 589,297 shares during the period. Wellington Management Group LLP boosted its position in Huron Consulting Group by 6.1% in the 1st quarter. Wellington Management Group LLP now owns 1,621,460 shares of the business services provider’s stock valued at $ 74,279,000 after buying an additional 92,846 shares during the period. Bank of New York Mellon Corp boosted its position in Huron Consulting Group by 18.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 486,275 shares of the business services provider’s stock valued at $ 25,285,000 after buying an additional 75,530 shares during the period. Finally, Jennison Associates LLC boosted its position in Huron Consulting Group by 3.1% in the 1st quarter. Jennison Associates LLC now owns 441,347 shares of the business services provider’s stock valued at $ 20,218,000 after buying an additional 13,120 shares during the period. Institutional investors own 92.94% of the company’s stock.

Huron Consulting Group Company Profile (NASDAQ: HURN)

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans.

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