Huron Consulting Group (HURN) Can’t Be Less Risky. The Stock Formed a Descending Triangle Chart Pattern

July 17, 2017 - By Adrian Mccoy

Investors sentiment decreased to 1.25 in 2016 Q4. Its down 0.36, from 1.61 in 2016Q3. It fall, 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.
Asset One holds 2,090 shares. Rhumbline Advisers has invested 0% in Huron Consulting Group (NASDAQ:HURN). Dimensional Fund Advisors L P holds 1.17M shares. Channing Capital Mgmt Ltd Llc holds 0.69% in Huron Consulting Group (NASDAQ:HURN) or 385,220 shares. Fmr Ltd Limited Liability Company invested in 1.50M shares. Robeco Institutional Asset Bv reported 1,038 shares. Goldman Sachs Inc holds 102,109 shares or 0% of its portfolio. Citadel Advsrs Ltd Liability Corp holds 25,218 shares. Blackrock Fund invested 0.01% of its portfolio in Huron Consulting Group (NASDAQ:HURN). State Street Corporation invested in 402,426 shares or 0% of the stock. Susquehanna Gru Incorporated Ltd Liability Partnership holds 0% or 62,289 shares. Swiss National Bank stated it has 34,600 shares. Nordea Management Ab holds 0% in Huron Consulting Group (NASDAQ:HURN) or 19,191 shares. Qs owns 0% invested in Huron Consulting Group (NASDAQ:HURN) for 101 shares. Falcon Point Lc invested 1.27% in Huron Consulting Group (NASDAQ:HURN).

Since March 22, 2017, it had 0 buys, and 5 insider sales for $307,643 activity. The insider Hussey C. Mark sold 2,500 shares worth $99,000. On Monday, April 3 MOODY JOHN S sold $29,099 worth of Huron Consulting Group (NASDAQ:HURN) or 692 shares. The insider MASSARO GEORGE sold 520 shares worth $21,866. EDWARDS JAMES D had sold 520 shares worth $21,866. The insider LOCKHART H EUGENE sold $135,812.

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.

Analysts await Huron Consulting Group (NASDAQ:HURN) to report earnings on July, 25. They expect $0.69 earnings per share, down 36.70 % or $0.40 from last year’s $1.09 per share. HURN’s profit will be $15.25M for 15.24 P/E if the $0.69 EPS becomes a reality. After $0.55 actual earnings per share reported by Huron Consulting Group for the previous quarter, Wall Street now forecasts 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 rating was maintained by Barrington Research with “Outperform” on Monday, October 26. The firm earned “Buy” rating on Thursday, September 17 by Deutsche Bank. The rating was downgraded by Barrington Research to “Mkt Perform” on Tuesday, February 21. The rating was maintained by William Blair with “Buy” on Monday, September 21. The firm has “Market Perform” rating given on Tuesday, January 3 by William Blair.

More notable recent Huron Consulting Group (NASDAQ:HURN) news were published by: Seekingalpha.com which released: “Huron Consulting Group’s (HURN) CEO James Roth on Q1 2017 Results – Earnings …” on May 01, 2017, also Seekingalpha.com with their article: “Huron Consulting Group’s (HURN) CEO James Roth on Q4 2016 Results – Earnings …” published on February 24, 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: Streetinsider.com and their article: “Huron Consulting Group (HURN) Names John D. Kelly as EVP and CFO” published on January 06, 2017 as well as Bizjournals.com‘s news article titled: “Huron Consulting is rebranding to reflect firm’s evolution” with publication date: September 13, 2016.

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