Two Sigma Investments LP Trims Position in Huron Consulting Group (HURN)

Two Sigma Investments LP lessened its stake in Huron Consulting Group (NASDAQ:HURN) by 84.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,331 shares of the business services provider’s stock after selling 48,819 shares during the period. Two Sigma Investments LP’s holdings in Huron Consulting Group were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HURN. SG Americas Securities LLC lifted its stake in shares of Huron Consulting Group by 109.3% in the third quarter. SG Americas Securities LLC now owns 7,150 shares of the business services provider’s stock valued at $245,000 after buying an additional 3,734 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Huron Consulting Group by 10.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 148,895 shares of the business services provider’s stock valued at $5,108,000 after buying an additional 13,681 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Huron Consulting Group in the third quarter worth about $211,000. California Public Employees Retirement System raised its position in Huron Consulting Group by 13.0% in the third quarter. California Public Employees Retirement System now owns 59,870 shares of the business services provider’s stock worth $2,054,000 after purchasing an additional 6,870 shares in the last quarter. Finally, DnB Asset Management AS acquired a new position in Huron Consulting Group in the fourth quarter worth about $941,000. Institutional investors and hedge funds own 93.05% of the company’s stock.

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Several research analysts recently issued reports on the stock. BidaskClub raised shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research lowered shares of Huron Consulting Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, Barrington Research reissued a “market perform” rating on shares of Huron Consulting Group in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.00.

NASDAQ:HURN opened at $39.25 on Tuesday. Huron Consulting Group has a 12-month low of $29.52 and a 12-month high of $46.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $872.04, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.29 and a beta of 0.14.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.06). Huron Consulting Group had a positive return on equity of 8.43% and a negative net margin of 21.06%. The business had revenue of $205.24 million during the quarter, compared to analyst estimates of $189.42 million. equities analysts predict that Huron Consulting Group will post 2.23 EPS for the current fiscal year.

In related news, CEO James H. Roth sold 17,500 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $34.94, for a total value of $611,450.00. Following the completion of the transaction, the chief executive officer now owns 233,190 shares of the company’s stock, valued at $8,147,658.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.08% of the company’s stock.

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About Huron Consulting Group

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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Institutional Ownership by Quarter for Huron Consulting Group (NASDAQ:HURN)

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