Navigant Consulting Inc. (NCI) Sees Large Volume Increase
Navigant Consulting Inc. (NYSE:NCI) shares saw strong trading volume on Thursday . 277,492 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 225,127 shares.The stock last traded at $19.38 and had previously closed at $19.20.
Separately, Zacks Investment Research lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
The company has a 50 day moving average price of $18.28 and a 200-day moving average price of $16.21. The firm has a market capitalization of $917.19 million and a PE ratio of 17.28.
Navigant Consulting (NYSE:NCI) last announced its earnings results on Tuesday, July 26th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. During the same quarter in the previous year, the company earned $0.26 EPS. The business had revenue of $238.49 million for the quarter, compared to analyst estimates of $231.24 million. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that Navigant Consulting Inc. will post $1.15 earnings per share for the current fiscal year.
Other hedge funds and institutional investors have made changes to their positions in the company. Rhumbline Advisers raised its position in shares of Navigant Consulting by 3.9% in the fourth quarter. Rhumbline Advisers now owns 84,295 shares of the company’s stock worth $1,354,000 after buying an additional 3,170 shares during the last quarter. Bank of Montreal Can raised its position in shares of Navigant Consulting by 9,902.4% in the fourth quarter. Bank of Montreal Can now owns 106,426 shares of the company’s stock worth $1,709,000 after buying an additional 105,362 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Navigant Consulting during the fourth quarter worth about $1,740,000. California Public Employees Retirement System raised its position in shares of Navigant Consulting by 2.7% in the fourth quarter. California Public Employees Retirement System now owns 183,310 shares of the company’s stock worth $2,944,000 after buying an additional 4,900 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Navigant Consulting by 45.8% in the fourth quarter. Principal Financial Group Inc. now owns 842,804 shares of the company’s stock worth $13,536,000 after buying an additional 264,724 shares during the last quarter.
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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