Navigant Consulting Inc. (NCI) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System lowered its position in Navigant Consulting Inc. (NYSE:NCI) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 99,728 shares of the company’s stock after selling 2,488 shares during the period. California State Teachers Retirement System owned approximately 0.21% of Navigant Consulting worth $1,611,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its position in Navigant Consulting by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,236,392 shares of the company’s stock worth $19,547,000 after buying an additional 10,940 shares in the last quarter. Norges Bank bought a new position in Navigant Consulting during the fourth quarter worth about $14,920,000. Bank of New York Mellon Corp boosted its position in Navigant Consulting by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 607,605 shares of the company’s stock worth $9,813,000 after buying an additional 2,857 shares in the last quarter. Teachers Advisors Inc. boosted its position in Navigant Consulting by 474.8% in the first quarter. Teachers Advisors Inc. now owns 480,984 shares of the company’s stock worth $7,604,000 after buying an additional 397,303 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Navigant Consulting by 5.7% in the first quarter. Geode Capital Management LLC now owns 311,591 shares of the company’s stock worth $4,926,000 after buying an additional 16,679 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.
Shares of Navigant Consulting Inc. (NYSE:NCI) traded up 0.05% during trading on Monday, reaching $19.67. 182,921 shares of the company’s stock traded hands. Navigant Consulting Inc. has a 52-week low of $14.07 and a 52-week high of $19.99. The company’s 50-day moving average is $19.56 and its 200 day moving average is $16.94. The company has a market cap of $932.36 million, a price-to-earnings ratio of 17.56 and a beta of 1.27.
Navigant Consulting (NYSE:NCI) last announced its earnings results on Tuesday, July 26th. The company reported $0.33 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $238.49 million for the quarter, compared to analysts’ expectations of $231.24 million. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts forecast that Navigant Consulting Inc. will post $1.15 EPS for the current year.
Separately, Zacks Investment Research cut shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
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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