Could Huron Consulting Group (HURN) Gain Strenght After Forming Descending Triangle Chart Pattern?

July 17, 2017 - By Migdalia James

Investors sentiment decreased to 1.25 in Q4 2016. Its down 0.36, from 1.61 in 2016Q3. It worsened, 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.
The Massachusetts-based Westfield Cap Mgmt Limited Partnership has invested 0.15% in Huron Consulting Group (NASDAQ:HURN). Stifel Fincl reported 5,869 shares. Paloma Ptnrs Mngmt has invested 0% in Huron Consulting Group (NASDAQ:HURN). Boston has 0.03% invested in Huron Consulting Group (NASDAQ:HURN). Savings Bank Of Montreal Can holds 0% or 21 shares in its portfolio. 14,309 were accumulated by Trexquant Investment L P. Nationwide Fund Advisors holds 0.01% or 25,963 shares in its portfolio. Wells Fargo And Company Mn, California-based fund reported 42,597 shares. Asset Management stated it has 5,383 shares or 0% of all its holdings. 188,883 were reported by S&T Commercial Bank Pa. 50,300 are held by California Pub Employees Retirement Sys. Great West Life Assurance Commerce Can holds 2,294 shares or 0% of its portfolio. Vanguard Gp accumulated 1.78 million shares or 0.01% of the stock. Fund Mgmt stated it has 6,200 shares or 0% of all its holdings. Ameriprise Fincl Inc holds 117,260 shares.

Since March 22, 2017, it had 0 insider buys, and 5 selling transactions for $307,643 activity. $21,866 worth of Huron Consulting Group (NASDAQ:HURN) was sold by MASSARO GEORGE on Monday, April 3. EDWARDS JAMES D sold $21,866 worth of stock. Another trade for 692 shares valued at $29,099 was made by MOODY JOHN S on Monday, April 3. The insider Hussey C. Mark sold 2,500 shares worth $99,000. Another trade for 3,271 shares valued at $135,812 was sold by LOCKHART H EUGENE.

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 expect Huron Consulting Group (NASDAQ:HURN) to report $0.69 EPS on July, 25.They anticipate $0.40 EPS change or 36.70 % from last quarter’s $1.09 EPS. HURN’s profit would be $15.25M giving it 15.24 P/E if the $0.69 EPS is correct. After having $0.55 EPS previously, Huron Consulting Group’s analysts see 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 downgraded by Barrington Research to “Mkt Perform” on Tuesday, February 21. William Blair downgraded the stock to “Market Perform” rating in Tuesday, January 3 report. Barrington Research maintained the shares of HURN in report on Monday, October 26 with “Outperform” rating. The stock of Huron Consulting Group (NASDAQ:HURN) earned “Buy” rating by William Blair on Monday, September 21. Deutsche Bank maintained Huron Consulting Group (NASDAQ:HURN) rating on Thursday, September 17. Deutsche Bank has “Buy” rating and $80 target.

More notable recent Huron Consulting Group (NASDAQ:HURN) news were published by: Streetinsider.com which released: “Huron Consulting Group (HURN) Acquires Pope Woodhead & Associates” on January 09, 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, Bizjournals.com published: “Huron Consulting is rebranding to reflect firm’s evolution” on September 13, 2016. More interesting news about Huron Consulting Group (NASDAQ:HURN) were released by: Buffalonews.com and their article: “New medical office building to house DaVita HealthCare, Huron Consulting” published on July 06, 2017 as well as Seekingalpha.com‘s news article titled: “Huron Consulting Group’s (HURN) CEO James Roth on Q1 2017 Results – Earnings …” with publication date: May 01, 2017.

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