Thu Sep 19 08:18:22 UTC 2024: ## Rhumbline Advisers Reduces Stake in Huron Consulting Group

**Chicago, IL** – Rhumbline Advisers, a prominent investment firm, has trimmed its stake in Huron Consulting Group Inc. (NASDAQ:HURN) by 2.9% during the second quarter, according to the firm’s recent 13F filing. The fund now owns 27,021 shares of the business services provider, representing approximately 0.15% of the company, valued at $2,662,000.

This move follows a trend of several other hedge funds making adjustments to their positions in Huron Consulting Group. ProShare Advisors LLC increased its holdings by 6.0% in the first quarter, while Blair William & Co. IL and Diversified Trust Co saw their stakes rise by 2.1% and 7.5%, respectively, during the same period. Covestor Ltd, on the other hand, significantly boosted its position by 26,500.0% in the first quarter.

The activity of these institutional investors suggests a mixed sentiment towards Huron Consulting Group. While some are increasing their exposure, Rhumbline Advisers’ reduction indicates a more cautious approach.

Analysts have also been weighing in on the company. Barrington Research, Benchmark, and Wedbush have all issued “outperform” ratings, while StockNews.com upgraded the stock from “sell” to “hold.” The overall consensus rating, according to MarketBeat, is “Moderate Buy,” with a consensus price target of $131.75.

Huron Consulting Group’s recent financial performance has been positive, with the company beating earnings estimates in the second quarter. However, insider trading activity has been notable, with Director John Mccartney and CEO C. Mark Hussey both selling shares in recent months. This could be interpreted as a sign of potential bearish sentiment among those closest to the company.

Overall, the news surrounding Huron Consulting Group is mixed, with institutional investors showing a diverse range of interest and analysts generally optimistic about the company’s future. However, the recent insider selling raises some questions about the potential for future performance.

Read More