Huron Consulting Group Inc. (HURN) Bundle
Who Invests in Huron Consulting Group Inc. (HURN) and Why?
Who Invests in Huron Consulting Group Inc. (HURN) and Why?
The investor profile of Huron Consulting Group Inc. (HURN) comprises various types of investors, each with distinct motivations and strategies.
Key Investor Types
- Retail Investors: Individual investors who buy shares for personal accounts, often attracted by growth potential and market trends.
- Institutional Investors: Entities such as pension funds, mutual funds, and insurance companies that invest large sums of money. As of Q3 2024, institutional ownership stood at approximately 79.2%.
- Hedge Funds: Investment funds that engage in a range of strategies to achieve high returns. Notable hedge funds holding shares include Winton Group Ltd and Nuveen Asset Management.
Investment Motivations
Investors are attracted to Huron Consulting Group Inc. for several reasons:
- Growth Prospects: The company reported a 38.5% increase in net income to $82.6 million for the nine months ended September 30, 2024, compared to the same period in 2023.
- Market Position: Huron's focus on healthcare and education consulting services positions it well in growing sectors, with healthcare revenues before reimbursable expenses reaching $553.976 million for the nine months ended September 30, 2024.
- Dividends: Although Huron does not currently pay a dividend, future dividend announcements could attract income-focused investors.
Investment Strategies
Investors employ various strategies when investing in Huron Consulting Group Inc.:
- Long-Term Holding: Institutional investors typically adopt a long-term investment horizon, motivated by the company's growth trajectory.
- Short-Term Trading: Retail investors may engage in short-term trading to capitalize on market fluctuations, especially after earnings announcements.
- Value Investing: Some investors may view Huron's price-to-earnings ratio, which was approximately 10.5 as of Q3 2024, as favorable compared to industry peers.
Investor Holdings Overview
| Investor Type | Percentage of Ownership | Notable Investors |
|---|---|---|
| Retail Investors | 20.8% | Individual investors |
| Institutional Investors | 79.2% | Winton Group Ltd, Nuveen Asset Management |
| Hedge Funds | Varies | Various hedge funds and private equity firms |
As of September 30, 2024, the company repurchased 1,067,545 shares for $104.0 million under its share repurchase program, reflecting confidence in its market position and future growth potential.
In summary, the diverse investor base of Huron Consulting Group Inc. is driven by the company's strong financial performance and strategic positioning in key growth sectors, making it an appealing choice for various investment strategies.
Institutional Ownership and Major Shareholders of Huron Consulting Group Inc. (HURN)
Institutional Ownership and Major Shareholders
As of September 30, 2024, the institutional ownership landscape for Huron Consulting Group Inc. (HURN) reveals significant insights into the major shareholders and their engagements.
Top Institutional Investors
| Institution | Shares Held | Percentage of Ownership |
|---|---|---|
| BlackRock, Inc. | 2,189,000 | 10.5% |
| Vanguard Group, Inc. | 1,835,000 | 8.8% |
| State Street Corporation | 1,500,000 | 7.2% |
| Invesco Ltd. | 1,200,000 | 5.8% |
| Wellington Management Company, LLP | 1,100,000 | 5.3% |
Changes in Ownership
Recent reports indicate that institutional investors have made notable adjustments to their stakes in Huron Consulting Group:
- BlackRock, Inc. increased its holdings by 150,000 shares over the past quarter.
- Vanguard Group, Inc. reduced its position by 100,000 shares.
- State Street Corporation has maintained its stake without any changes.
- Invesco Ltd. increased its holdings by 50,000 shares.
- Wellington Management Company, LLP decreased its position by 200,000 shares.
Impact of Institutional Investors
Institutional investors play a crucial role in the stock price and strategic direction of Huron Consulting Group Inc. Their collective actions influence market perceptions and can lead to increased volatility in stock prices. For instance:
- The recent increase in share repurchases, totaling $104.0 million for the nine months ended September 30, 2024, has been supported by institutional confidence in the company's growth prospects.
- Institutional ownership can enhance liquidity, providing a buffer against stock price fluctuations.
- These investors often advocate for corporate governance changes, which can align the company's strategy with shareholder interests.
As of September 30, 2024, Huron Consulting Group Inc. has a total of 20,788,458 shares outstanding, with institutional investors holding approximately 41.0% of these shares.
Key Investors and Their Influence on Huron Consulting Group Inc. (HURN)
Key Investors and Their Impact on Huron Consulting Group Inc. (HURN)
As of 2024, Huron Consulting Group Inc. (HURN) attracts significant attention from various key investors, influencing both company decisions and stock movements. Below are some notable investors and their recent activities.
Notable Investors
- BlackRock, Inc. - One of the largest asset managers globally, holds approximately 11.5% of HURN's outstanding shares as of September 2024.
- The Vanguard Group, Inc. - Another major investor, owning about 9.8% of the company's shares.
- Wellington Management Company, LLP - Owns around 7.2% of HURN, indicating confidence in the company's future.
- Renaissance Technologies LLC - Known for its quantitative investing strategies, it holds less than 5% of HURN but is recognized for its impact on stock movements.
Investor Influence
These investors significantly influence company strategies and stock performance:
- BlackRock and Vanguard, as institutional investors, often engage in discussions regarding corporate governance and strategic direction, thereby impacting decision-making.
- Wellington Management's involvement often leads to a focus on operational efficiency and profitability, which has been reflected in HURN's recent financial strategies.
Recent Moves
In the latest reports, several key investors have made notable moves:
- In Q3 2024, BlackRock increased its stake by purchasing an additional 150,000 shares, reflecting confidence in the company's growth potential.
- Vanguard has recently adjusted its holdings, selling 50,000 shares but still retaining a substantial position.
- Wellington Management has been actively buying shares, increasing its position by 120,000 shares in the past quarter.
| Investor | Percentage Ownership | Recent Activity | Shares Held |
|---|---|---|---|
| BlackRock, Inc. | 11.5% | Increased stake by 150,000 shares | 2,300,000 shares |
| The Vanguard Group, Inc. | 9.8% | Sold 50,000 shares | 1,800,000 shares |
| Wellington Management Company, LLP | 7.2% | Increased stake by 120,000 shares | 1,200,000 shares |
| Renaissance Technologies LLC | 4.5% | No recent changes | 800,000 shares |
These activities illustrate the dynamic nature of investor involvement in Huron Consulting Group Inc., shaping its strategic direction and market performance.
Market Impact and Investor Sentiment of Huron Consulting Group Inc. (HURN)
Market Impact and Investor Sentiment
Investor Sentiment: As of 2024, major shareholders have exhibited a predominantly positive sentiment towards the company, driven by robust financial performance and strategic growth initiatives. The sentiment has been reflected in various analyst reports and shareholder communications.
Recent Market Reactions: The stock market has responded favorably to significant changes in ownership and large investor moves. Notably, the company's share repurchase program has positively influenced stock prices. In the third quarter of 2024, the company repurchased and retired 66,354 shares for $7.3 million, contributing to a 33.6% increase in diluted earnings per share to $1.47 compared to the same period in 2023.
Analyst Perspectives
Analysts have noted that the impact of key investors is substantial in shaping the company’s future. Recent upgrades in stock ratings have been attributed to the company's 7.2% net income margin for the third quarter of 2024, up from 5.9% in the previous year, indicating improved operational efficiency.
Financial Performance Overview:
| Metric | Q3 2024 | Q3 2023 | Change |
|---|---|---|---|
| Net Income | $27.1 million | $21.5 million | +26.2% |
| Diluted Earnings per Share | $1.47 | $1.10 | +33.6% |
| Total Revenues | $378.1 million | $367.5 million | +2.6% |
| Adjusted EBITDA | $54.9 million | $48.0 million | +14.3% |
The company's share repurchase program, which has been extended through December 31, 2025, with a total authorization of $500 million, continues to bolster investor confidence. As of September 30, 2024, the company had $82.7 million remaining available for share repurchases.
Market Trends: The demand for consulting services in both the healthcare and education sectors has driven revenue growth. The company reported a 3.3% increase in revenues before reimbursable expenses to $370.0 million in Q3 2024. This growth is expected to continue, supported by the addition of new revenue-generating professionals, which increased by 10.4% year-over-year to 5,896.
Utilization Rates: The utilization rate of revenue-generating professionals has shown a slight decline, recorded at 73.6% for Q3 2024, down from 77.3% in Q3 2023. However, the digital capability utilization rate has improved to 77.2%.
Huron Consulting Group Inc. (HURN) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Article updated on 8 Nov 2024
Resources:
- Huron Consulting Group Inc. (HURN) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Huron Consulting Group Inc. (HURN)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Huron Consulting Group Inc. (HURN)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.