Arizona State Retirement System Sells 152 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Arizona State Retirement System cut its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,318 shares of the business services provider’s stock after selling 152 shares during the quarter. Arizona State Retirement System’s holdings in Huron Consulting Group were worth $547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank bought a new position in shares of Huron Consulting Group during the third quarter valued at $35,000. Point72 Asset Management L.P. bought a new stake in Huron Consulting Group in the 2nd quarter worth about $35,000. Money Concepts Capital Corp bought a new stake in Huron Consulting Group in the 4th quarter worth about $56,000. Assetmark Inc. increased its holdings in Huron Consulting Group by 28.6% in the 3rd quarter. Assetmark Inc. now owns 1,098 shares of the business services provider’s stock worth $114,000 after buying an additional 244 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Huron Consulting Group in the 1st quarter worth about $68,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Trading Up 2.1 %

Shares of NASDAQ:HURN opened at $92.32 on Friday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 28.85 and a beta of 0.58. 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 stock’s 50-day simple moving average is $97.81 and its two-hundred day simple moving average is $101.10. Huron Consulting Group Inc. has a 52-week low of $70.66 and a 52-week high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. The business had revenue of $339.23 million for the quarter, compared to analysts’ expectations of $341.71 million. Huron Consulting Group had a return on equity of 17.77% and a net margin of 4.47%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $1.12 earnings per share. Analysts expect that Huron Consulting Group Inc. will post 5.64 EPS for the current year.

Insider Activity

In other news, EVP Ernest W. Jr. Torain sold 650 shares of Huron Consulting Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $100.00, for a total transaction of $65,000.00. Following the transaction, the executive vice president now directly owns 15,050 shares of the company’s stock, valued at approximately $1,505,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Ernest W. Jr. Torain sold 650 shares of Huron Consulting Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $100.00, for a total transaction of $65,000.00. Following the transaction, the executive vice president now directly owns 15,050 shares of the company’s stock, valued at approximately $1,505,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James H. Roth sold 9,517 shares of Huron Consulting Group stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $99.28, for a total value of $944,847.76. Following the transaction, the director now directly owns 83,239 shares in the company, valued at $8,263,967.92. 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 in the last ninety days. Corporate insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

HURN has been the subject of several research analyst reports. Barrington Research lifted their price objective on Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. StockNews.com downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

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.