Assenagon Asset Management S.A. Sells 19,729 Shares of Huron Consulting Group (NASDAQ:HURN)

Assenagon Asset Management S.A. reduced its holdings in Huron Consulting Group (NASDAQ:HURN) by 52.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,720 shares of the business services provider’s stock after selling 19,729 shares during the period. Assenagon Asset Management S.A.’s holdings in Huron Consulting Group were worth $1,087,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HURN. Quantamental Technologies LLC purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth about $42,000. Bank of Montreal Can purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth about $95,000. Panagora Asset Management Inc. purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth about $147,000. Aperio Group LLC purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth about $185,000. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Huron Consulting Group during the 2nd quarter worth about $210,000. 88.71% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on HURN shares. Zacks Investment Research cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday. SunTrust Banks lifted their price target on shares of Huron Consulting Group to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. ValuEngine cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Thursday, September 12th. Finally, BidaskClub cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $67.00.

Huron Consulting Group stock opened at $58.86 on Monday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth ratio of 1.73 and a beta of -0.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.59 and a quick ratio of 0.59. Huron Consulting Group has a 1 year low of $44.78 and a 1 year high of $64.39. The firm has a 50-day moving average of $61.27 and a two-hundred day moving average of $54.19.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.16. The company had revenue of $220.80 million during the quarter, compared to analysts’ expectations of $205.51 million. Huron Consulting Group had a net margin of 2.76% and a return on equity of 10.01%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. Research analysts expect that Huron Consulting Group will post 2.5 earnings per share for the current year.

In other Huron Consulting Group news, CEO James H. Roth sold 17,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $62.90, for a total value of $1,100,750.00. Following the completion of the sale, the chief executive officer now directly owns 189,795 shares of the company’s stock, valued at approximately $11,938,105.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider C. Mark Hussey sold 11,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $61.01, for a total transaction of $671,110.00. Following the completion of the sale, the insider now directly owns 78,507 shares of the company’s stock, valued at $4,789,712.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,260 shares of company stock valued at $1,818,486. 2.86% of the stock is owned by corporate insiders.

Huron Consulting Group 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 excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

Read More: After-Hours Trading

Want to see what other hedge funds are holding HURN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huron Consulting Group (NASDAQ:HURN).

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

Receive News & Ratings for Huron Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huron Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.