Huron Consulting Group (HURN) Formed a Descending Triangle, Could Be One of The Best Performers Soon

July 17, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.25 in Q4 2016. Its down 0.36, from 1.61 in 2016Q3. It turned negative, as 17 investors sold Huron Consulting Group shares while 39 reduced holdings. 19 funds opened positions while 51 raised stakes. 19.93 million shares or 1.10% less from 20.15 million shares in 2016Q3 were reported.
State Board Of Administration Of Florida Retirement Sys reported 12,136 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Huron Consulting Group (NASDAQ:HURN) for 2,735 shares. The California-based Falcon Point Limited Com has invested 1.27% in Huron Consulting Group (NASDAQ:HURN). Bancshares Of Montreal Can accumulated 21 shares. Nj State Employees Deferred Compensation Plan invested in 15,000 shares. Allianz Asset Ag holds 0% of its portfolio in Huron Consulting Group (NASDAQ:HURN) for 14,722 shares. Virginia Retirement Et Al, a Virginia-based fund reported 19,600 shares. Pine River Mngmt Lp holds 0.17% or 76,800 shares. Boston Prtnrs owns 494,387 shares. Barclays Plc invested 0% of its portfolio in Huron Consulting Group (NASDAQ:HURN). The Massachusetts-based Panagora Asset Mgmt Inc has invested 0.01% in Huron Consulting Group (NASDAQ:HURN). The Netherlands-based Robeco Institutional Asset Mngmt Bv has invested 0% in Huron Consulting Group (NASDAQ:HURN). Us National Bank De holds 0% of its portfolio in Huron Consulting Group (NASDAQ:HURN) for 2,465 shares. Blackrock Institutional Company Na accumulated 561,115 shares or 0% of the stock. Swiss Savings Bank accumulated 34,600 shares or 0% of the stock.

Since March 22, 2017, it had 0 insider purchases, and 5 insider sales for $307,643 activity. Another trade for 520 shares valued at $21,866 was sold by MASSARO GEORGE. LOCKHART H EUGENE also sold $135,812 worth of Huron Consulting Group (NASDAQ:HURN) shares. $99,000 worth of stock was sold by Hussey C. Mark on Wednesday, March 22. EDWARDS JAMES D sold $21,866 worth of stock. MOODY JOHN S also sold $29,099 worth of Huron Consulting Group (NASDAQ:HURN) on Monday, April 3.

The stock of Huron Consulting Group (HURN) formed a descending triangle with $44.99 target or 7.00 % above today’s $42.05 share price. The 8 months triangle pattern indicates low risk for the $929.32M company. If the $44.99 price target is reached, the company will be worth $65.05 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.59% or $0.25 during the last trading session, reaching $42.05. About 61,973 shares traded. Huron Consulting Group (NASDAQ:HURN) has declined 27.26% since July 18, 2016 and is downtrending. It has underperformed by 43.96% the S&P500.

Wall Street await Huron Consulting Group (NASDAQ:HURN) to release earnings on July, 25. Analysts forecast earnings per share of $0.69, down exactly $0.40 or 36.70 % from 2014’s $1.09 EPS. The expected HURN’s profit could reach $15.25 million giving the stock 15.24 P/E in the case that $0.69 earnings per share is reported. After posting $0.55 EPS for the previous quarter, Huron Consulting Group’s analysts now forecast 25.45 % EPS growth.

Huron Consulting Group (NASDAQ:HURN) Ratings Coverage

Among 3 analysts covering Huron Consulting Group (NASDAQ:HURN), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Huron Consulting Group had 10 analyst reports since July 30, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 3 by William Blair. The firm has “Outperform” rating given on Monday, October 26 by Barrington Research. The rating was maintained by Deutsche Bank on Thursday, September 17 with “Buy”. As per Monday, September 21, the company rating was maintained by William Blair. The rating was downgraded by Barrington Research to “Mkt Perform” on Tuesday, February 21.

More notable recent Huron Consulting Group (NASDAQ:HURN) news were published by: Bizjournals.com which released: “Huron Consulting is rebranding to reflect firm’s evolution” on September 13, 2016, also Streetinsider.com with their article: “Huron Consulting Group (HURN) Names John D. Kelly as EVP and CFO” published on January 06, 2017, Buffalonews.com published: “New medical office building to house DaVita HealthCare, Huron Consulting” on July 06, 2017. More interesting news about Huron Consulting Group (NASDAQ:HURN) were released by: Seekingalpha.com and their article: “Huron Consulting Group’s (HURN) CEO James Roth on Q4 2016 Results – Earnings …” published on February 24, 2017 as well as Streetinsider.com‘s news article titled: “Huron Consulting Group (HURN) Acquires Pope Woodhead & Associates” with publication date: January 09, 2017.

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