BidaskClub Upgrades Huron Consulting Group (HURN) to Buy

Huron Consulting Group (NASDAQ:HURN) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Huron Consulting Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Barrington Research reissued a “market perform” rating on shares of Huron Consulting Group in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.00.

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HURN stock opened at $38.65 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.68. The firm has a market cap of $859.71, a PE ratio of 17.98, a PEG ratio of 1.28 and a beta of 0.15. Huron Consulting Group has a fifty-two week low of $29.52 and a fifty-two week high of $46.85.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $205.24 million for the quarter, compared to the consensus estimate of $189.42 million. Huron Consulting Group had a positive return on equity of 8.43% and a negative net margin of 21.06%. equities analysts forecast that Huron Consulting Group will post 2.23 EPS for the current year.

In related news, CEO James H. Roth sold 17,500 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $34.94, for a total transaction of $611,450.00. Following the sale, the chief executive officer now owns 233,190 shares of the company’s stock, valued at approximately $8,147,658.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank lifted its holdings in Huron Consulting Group by 5.3% during the 4th quarter. Swiss National Bank now owns 37,700 shares of the business services provider’s stock worth $1,525,000 after purchasing an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Huron Consulting Group by 100.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,000 shares of the business services provider’s stock worth $243,000 after purchasing an additional 3,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Huron Consulting Group by 109.3% during the 3rd quarter. SG Americas Securities LLC now owns 7,150 shares of the business services provider’s stock worth $245,000 after purchasing an additional 3,734 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Huron Consulting Group during the 4th quarter worth about $210,000. Finally, Atlanta Capital Management Co. L L C lifted its holdings in Huron Consulting Group by 1.2% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 445,811 shares of the business services provider’s stock worth $15,291,000 after purchasing an additional 5,231 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational performance, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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