Advisors Asset Management Inc. decreased its stake in Navigant Consulting Inc. (NYSE:NCI) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 16,588 shares of the company’s stock after selling 405 shares during the period. Advisors Asset Management Inc.’s holdings in Navigant Consulting were worth $268,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Navigant Consulting by 13.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 85,124 shares of the company’s stock valued at $1,375,000 after buying an additional 9,850 shares during the last quarter. Royce & Associates LP boosted its stake in Navigant Consulting by 4.4% in the second quarter. Royce & Associates LP now owns 512,023 shares of the company’s stock valued at $8,269,000 after buying an additional 21,500 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Navigant Consulting during the second quarter valued at $9,180,000. Boston Partners boosted its stake in Navigant Consulting by 1.0% in the second quarter. Boston Partners now owns 2,062,689 shares of the company’s stock valued at $33,313,000 after buying an additional 19,676 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Navigant Consulting by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 26,531 shares of the company’s stock valued at $429,000 after buying an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 91.63% of the company’s stock.
Shares of Navigant Consulting Inc. (NYSE:NCI) traded down 0.45% on Monday, hitting $20.13. 22,778 shares of the stock traded hands. The stock has a 50-day moving average price of $19.69 and a 200 day moving average price of $17.22. The firm has a market cap of $954.16 million, a P/E ratio of 17.97 and a beta of 1.35. Navigant Consulting Inc. has a 52 week low of $14.07 and a 52 week high of $20.58.
Navigant Consulting (NYSE:NCI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Navigant Consulting had a net margin of 5.97% and a return on equity of 9.64%. The company earned $238.49 million during the quarter, compared to analyst estimates of $231.24 million. During the same quarter last year, the business posted $0.26 EPS. Navigant Consulting’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that Navigant Consulting Inc. will post $1.15 EPS for the current fiscal year.
Separately, Zacks Investment Research cut Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th.
Navigant Consulting Company Profile
Navigant Consulting, Inc (Navigant) is a global professional services firm. The Company serves clients in the healthcare, energy and financial services industries. The Company operates in four segments: Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare, and Energy. The Disputes, Investigations & Economics segment’s professional services include valuation and economic analysis, as well as accounting, regulatory, construction and computer forensic expertise.
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