Navigant Consulting, Inc. (NCI) Shares Bought by Citadel Advisors LLC
Citadel Advisors LLC raised its stake in Navigant Consulting, Inc. (NYSE:NCI) by 133.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,234 shares of the business services provider’s stock after acquiring an additional 88,286 shares during the period. Citadel Advisors LLC owned 0.34% of Navigant Consulting worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tieton Capital Management LLC boosted its stake in shares of Navigant Consulting by 157.6% during the third quarter. Tieton Capital Management LLC now owns 241,094 shares of the business services provider’s stock worth $4,079,000 after buying an additional 147,510 shares during the period. Nordea Investment Management AB boosted its stake in shares of Navigant Consulting by 2.9% during the third quarter. Nordea Investment Management AB now owns 114,000 shares of the business services provider’s stock worth $1,929,000 after buying an additional 3,200 shares during the period. South Dakota Investment Council acquired a new stake in shares of Navigant Consulting during the third quarter worth about $457,000. Systematic Financial Management LP boosted its stake in shares of Navigant Consulting by 16.9% during the third quarter. Systematic Financial Management LP now owns 101,000 shares of the business services provider’s stock worth $1,709,000 after buying an additional 14,615 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of Navigant Consulting during the third quarter worth about $19,124,000. Institutional investors own 91.13% of the company’s stock.
Shares of Navigant Consulting, Inc. (NYSE NCI) traded down $0.05 during trading hours on Monday, reaching $19.14. 329,800 shares of the company were exchanged, compared to its average volume of 268,768. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market capitalization of $878.91, a P/E ratio of 17.24, a P/E/G ratio of 1.18 and a beta of 0.89. Navigant Consulting, Inc. has a 1 year low of $14.62 and a 1 year high of $27.86.
Navigant Consulting (NYSE:NCI) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The firm had revenue of $262.30 million during the quarter, compared to analyst estimates of $241.77 million. Navigant Consulting had a net margin of 4.35% and a return on equity of 8.25%. Navigant Consulting’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. analysts predict that Navigant Consulting, Inc. will post 1.2 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of Navigant Consulting from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of Navigant Consulting from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.
In related news, Director Randy H. Zwirn sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $17.46, for a total value of $87,300.00. Following the completion of the sale, the director now owns 21,226 shares in the company, valued at $370,605.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.32% of the stock is owned by company insiders.
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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