Analysis: Huron Consulting Group (NASDAQ:HURN) Stock Target Upgraded Today
In an analyst research report issued by Deutsche Bank on 11 December, the firm, Huron Consulting Group (NASDAQ:HURN), had their price target lowered to $65.00. Analusts right now have a solid Buy rating on the stock.
From a total of 4 analysts covering Huron Consulting Group (NASDAQ:HURN) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $68 while the lowest target price is $54. The mean of all analyst targets is $63.5 with a 24.93% above today’s ($52.83) stock price. Huron Consulting Group was the topic of 5 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Barrington Research maintained shares on October 26 with “Outperform” rating.
Approximately 198,143 shares of stock traded hands. Huron Consulting Group (NASDAQ:HURN) has declined 11.87% since May 8, 2015 and is downtrending. It has underperformed by 8.85% the S&P500.
The overall sentiment of institutions has increased to 1.19 in Q2 2015. Its up 0.16, from 1.03 in 2015Q2. The ratio improved, as 14 institutions have sold all the shares of Huron Consulting Group that they owned while 49 funds have taken shares off the table. 25 funds have purchased shares for the first time while 50 added to their positions. These institutions now hold 28.81 million shares or 29.78% more than the 22.20 million shares they owned in 2015Q2.
The Fund Three Corner Global Investors Lp currently is holding shares equating to 4.3% of its total portfolio in Huron Consulting Group representing a total of 189,743 shares. Another fund,Falcon Point Capital Llc, is holding a total of 87,401 shares equating to 1.95% of their holdings. Additionally, Channing Capital Management Llc has a 525,333 share stake in Huron Consulting Group which represents 1.6% of their total portfolio. The Fund, Fiduciary Management Associates Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 1.39% of their total portfolio. Finally American Capital Management Inc, a fund which is based in the state of New York reported a total holdings of 160,248 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 17, 2015, shareholders of Huron Consulting Group have witnessed 0 insider purchases, and a total of 12 selling transactions equating to a net activity of approximately $1.51 million . Mccartney John sold 1,000 shares worth approximately $62,340. Moody John S sold 786 shares worth approximately $49,070. Edwards James D sold 591 shares worth approximately $36,902. Lockhart H Eugene sold 308 shares worth approximately $19,219. The company insider Massaro George sold 591 shares worth $36,831.
Huron Consulting Group Inc. is an operational and financial consulting services provider. The company has a market cap of $1.22 billion. The Firm operates through five divisions: Huron Healthcare, Huron Legal, Huron Education and Life Sciences, Huron Business Advisory and All Other. It has 22.74 P/E ratio. The Huron Healthcare segment provides consulting services to national and regional hospitals and integrated health systems, academic medical centers, community hospitals, and physician practices.
According to Zacks Investment Research, “Huron Consulting Group Inc. is the parent company of Huron Consulting Services LLC, an independent provider of financial and operational consulting services. Huron’s experienced and credentialed professionals employ their expertise in accounting, finance, economics and operations to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations and the law firms that represent these various organizations.” Get a free copy of the Zacks research report on Huron Consulting Group (HURN).