Navigant Consulting, Inc. (NCI) Position Cut by Martingale Asset Management L P
Martingale Asset Management L P trimmed its position in Navigant Consulting, Inc. (NYSE:NCI) by 26.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,133 shares of the business services provider’s stock after selling 39,443 shares during the quarter. Martingale Asset Management L P owned 0.23% of Navigant Consulting worth $2,137,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NCI. Victory Capital Management Inc. increased its stake in Navigant Consulting by 6.6% in the first quarter. Victory Capital Management Inc. now owns 5,872 shares of the business services provider’s stock valued at $134,000 after acquiring an additional 362 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Navigant Consulting by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 9,328 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 4,128 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Navigant Consulting in the second quarter valued at approximately $212,000. Russell Investments Group Ltd. increased its stake in Navigant Consulting by 32.1% in the second quarter. Russell Investments Group Ltd. now owns 10,771 shares of the business services provider’s stock valued at $213,000 after acquiring an additional 2,616 shares during the last quarter. Finally, Mason Street Advisors LLC increased its stake in Navigant Consulting by 6.7% in the first quarter. Mason Street Advisors LLC now owns 10,968 shares of the business services provider’s stock valued at $251,000 after acquiring an additional 684 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Navigant Consulting, Inc. (NYSE:NCI) opened at 16.02 on Wednesday. The company has a 50-day moving average of $15.43 and a 200-day moving average of $19.67. Navigant Consulting, Inc. has a 52 week low of $14.62 and a 52 week high of $27.86. The company has a market capitalization of $748.61 million, a PE ratio of 15.40 and a beta of 0.86.
Navigant Consulting (NYSE:NCI) last posted its earnings results on Monday, July 31st. The business services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.09). The firm had revenue of $235.20 million for the quarter, compared to the consensus estimate of $253.66 million. Navigant Consulting had a return on equity of 8.95% and a net margin of 4.97%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. On average, equities research analysts anticipate that Navigant Consulting, Inc. will post $1.15 EPS for the current year.
In related news, EVP Monica M. Weed sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $14.78, for a total transaction of $206,920.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 77,000 shares of company stock worth $2,310 in the last ninety days. 2.36% of the stock is currently owned by insiders.
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A number of research analysts recently issued reports on NCI shares. Zacks Investment Research cut shares of Navigant Consulting from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine cut shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Cowen and Company lifted their price objective on shares of Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a research note on Friday, June 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. Navigant Consulting presently has a consensus rating of “Hold” and a consensus target price of $24.50.
Navigant Consulting Company Profile
Navigant Consulting, Inc is a global professional services company. The Company serves clients in the healthcare, energy and financial services industries. It operates through four segments. The Healthcare segment provides consulting services and business process management services. The Energy segment provides advisory solutions in business strategy and planning, distributed energy resources and renewables, energy efficiency and demand response and grid modernization The Financial Services Advisory and Compliance segment provides strategic, operational, valuation, risk management, investigative and compliance advisory services to clients primarily in the financial services industry.
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