Los Angeles Capital Management LLC Boosts Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Los Angeles Capital Management LLC increased its holdings in Huron Consulting Group Inc. (NASDAQ:HURN) by 69.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,242 shares of the business services provider’s stock after acquiring an additional 5,422 shares during the quarter. Los Angeles Capital Management LLC owned about 0.07% of Huron Consulting Group worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Huron Consulting Group by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,053,491 shares of the business services provider’s stock valued at $213,892,000 after purchasing an additional 128,274 shares during the period. Jennison Associates LLC lifted its position in Huron Consulting Group by 7.3% during the third quarter. Jennison Associates LLC now owns 885,714 shares of the business services provider’s stock valued at $92,256,000 after buying an additional 60,418 shares during the period. American Century Companies Inc. boosted its holdings in shares of Huron Consulting Group by 36.0% during the 3rd quarter. American Century Companies Inc. now owns 233,224 shares of the business services provider’s stock valued at $24,293,000 after buying an additional 61,777 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Huron Consulting Group by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 196,221 shares of the business services provider’s stock worth $20,438,000 after buying an additional 696 shares during the period. Finally, Great Lakes Advisors LLC increased its stake in shares of Huron Consulting Group by 5.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 57,149 shares of the business services provider’s stock worth $5,953,000 after acquiring an additional 2,966 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In other Huron Consulting Group news, Director James H. Roth sold 9,517 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $99.28, for a total transaction of $944,847.76. Following the transaction, the director now owns 83,239 shares in the company, valued at approximately $8,263,967.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Huron Consulting Group news, CEO C. Mark Hussey sold 4,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.48, for a total value of $417,920.00. Following the transaction, the chief executive officer now owns 98,286 shares of the company’s stock, valued at $10,268,921.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James H. Roth sold 9,517 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $99.28, for a total value of $944,847.76. Following the completion of 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 40,380 shares of company stock valued at $3,966,654 over the last ninety days. Insiders own 2.20% of the company’s stock.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $87.09 on Thursday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 25.10 and a beta of 0.59. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.40 and a current ratio of 2.40. Huron Consulting Group Inc. has a one year low of $76.17 and a one year high of $113.31. The company’s 50-day moving average is $94.14 and its 200 day moving average is $99.97.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.35. Huron Consulting Group had a net margin of 4.67% and a return on equity of 19.21%. The company had revenue of $355.96 million during the quarter, compared to the consensus estimate of $348.80 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts expect that Huron Consulting Group Inc. will post 5.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on HURN. Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of Huron Consulting Group in a research note on Wednesday, May 1st. Barrington Research reissued an “outperform” rating and issued a $133.00 price target on shares of Huron Consulting Group in a research report on Monday. Finally, StockNews.com downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

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.