Calamos Advisors LLC Sells 4,170 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Calamos Advisors LLC trimmed its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 60.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,706 shares of the business services provider’s stock after selling 4,170 shares during the quarter. Calamos Advisors LLC’s holdings in Huron Consulting Group were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of HURN. SG Americas Securities LLC bought a new position in shares of Huron Consulting Group during the 3rd quarter valued at $481,000. Cambridge Investment Research Advisors Inc. bought a new position in Huron Consulting Group in the 3rd quarter worth $228,000. Robeco Institutional Asset Management B.V. raised its holdings in Huron Consulting Group by 3.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 44,577 shares of the business services provider’s stock worth $4,643,000 after purchasing an additional 1,593 shares during the period. Redwood Investments LLC bought a new position in Huron Consulting Group in the 3rd quarter worth $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 worth $487,000 after purchasing an additional 756 shares during the period. 93.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on HURN. Barrington Research raised their target price 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 cut Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

Huron Consulting Group Price Performance

NASDAQ:HURN opened at $93.20 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The business’s 50-day simple moving average is $97.58 and its two-hundred day simple moving average is $101.04. The stock has a market cap of $1.72 billion, a PE ratio of 29.13 and a beta of 0.58. 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 posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share. As a group, analysts forecast that Huron Consulting Group Inc. will post 5.64 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other news, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.13, for a total transaction of $29,439.00. Following the completion of the transaction, the director now owns 56,919 shares in the company, valued at $5,585,461.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO C. Mark Hussey sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.48, for a total transaction of $417,920.00. Following the completion of the transaction, the chief executive officer now owns 98,286 shares in the company, valued at $10,268,921.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Mccartney sold 300 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.13, for a total value of $29,439.00. Following the transaction, the director now owns 56,919 shares of the company’s stock, valued at approximately $5,585,461.47. 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. 2.02% of the stock is currently owned by company 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.