Jennison Associates LLC Raises Position in Huron Consulting Group Inc. (NASDAQ:HURN)

Jennison Associates LLC lifted its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 601,335 shares of the business services provider’s stock after acquiring an additional 27,329 shares during the quarter. Jennison Associates LLC owned 3.39% of Huron Consulting Group worth $74,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its holdings in Huron Consulting Group by 121.8% during the 2nd quarter. Bank of Montreal Can now owns 7,014 shares of the business services provider’s stock worth $694,000 after purchasing an additional 3,851 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Huron Consulting Group during the second quarter worth approximately $2,226,000. Handelsbanken Fonder AB raised its holdings in Huron Consulting Group by 11.8% in the third quarter. Handelsbanken Fonder AB now owns 3,800 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 400 shares in the last quarter. Creative Planning lifted its stake in Huron Consulting Group by 10.5% in the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock worth $281,000 after acquiring an additional 246 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in Huron Consulting Group by 42.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,452 shares of the business services provider’s stock worth $919,000 after acquiring an additional 2,524 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HURN has been the topic of a number of analyst reports. Barrington Research raised their price objective on shares of Huron Consulting Group from $137.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, November 4th. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Wedbush assumed coverage on Huron Consulting Group in a research report on Monday. They set an “outperform” rating for the company. Finally, Benchmark reissued a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and a consensus price target of $133.00.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $126.63 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.61. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $133.96. The firm has a market capitalization of $2.25 billion, a P/E ratio of 27.53 and a beta of 0.59. The company’s fifty day moving average price is $124.31 and its 200 day moving average price is $115.21.

Insider Transactions at Huron Consulting Group

In related news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total transaction of $62,325.00. Following the transaction, the director now owns 56,688 shares of the company’s stock, valued at $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total value of $247,380.00. Following the sale, the director now directly owns 50,534 shares of the company’s stock, valued at approximately $6,250,550.46. This represents a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,542 shares of company stock worth $941,913. Corporate insiders own 2.20% of the company’s stock.

About Huron Consulting Group

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.