Picton Mahoney Asset Management Buys 7,898 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Picton Mahoney Asset Management boosted its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 71,800.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,909 shares of the business services provider’s stock after acquiring an additional 7,898 shares during the quarter. Picton Mahoney Asset Management’s holdings in Huron Consulting Group were worth $1,135,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HURN. Opal Wealth Advisors LLC purchased a new position in shares of Huron Consulting Group in the 1st quarter valued at approximately $35,000. Heck Capital Advisors LLC bought a new stake in shares of Huron Consulting Group in the 4th quarter worth $33,000. CWM LLC increased its holdings in shares of Huron Consulting Group by 55.9% in the 1st quarter. CWM LLC now owns 407 shares of the business services provider’s stock worth $58,000 after purchasing an additional 146 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after purchasing an additional 122 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Huron Consulting Group in the first quarter worth $114,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Price Performance

NASDAQ HURN opened at $131.93 on Thursday. The company has a market capitalization of $2.28 billion, a PE ratio of 19.78 and a beta of 0.28. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.08 and a current ratio of 2.08. The business’s fifty day moving average is $137.73 and its 200 day moving average is $138.35. Huron Consulting Group Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $155.00.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a return on equity of 24.68% and a net margin of 7.88%. The company had revenue of $404.14 million for the quarter, compared to the consensus estimate of $389.27 million. During the same period in the previous year, the business earned $1.23 earnings per share. Huron Consulting Group’s quarterly revenue was up 11.2% compared to the same quarter last year. Sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current year.

Insider Activity

In other news, Director John Mccartney sold 500 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total value of $68,370.00. Following the transaction, the director directly owned 51,817 shares in the company, valued at $7,085,456.58. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director H Eugene Lockhart sold 1,040 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $136.74, for a total value of $142,209.60. Following the completion of the transaction, the director owned 8,162 shares in the company, valued at $1,116,071.88. The trade was a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,208 shares of company stock worth $310,606 over the last ninety days. Corporate insiders own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HURN. Barrington Research lifted their price objective on Huron Consulting Group from $167.00 to $173.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.75.

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.