Stone Ridge Asset Management LLC acquired a new stake in Navigant Consulting, Inc. (NYSE:NCI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,896 shares of the business services provider’s stock, valued at approximately $736,000. Stone Ridge Asset Management LLC owned about 0.08% of Navigant Consulting as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Nationwide Fund Advisors increased its holdings in Navigant Consulting by 57.7% in the 3rd quarter. Nationwide Fund Advisors now owns 58,748 shares of the business services provider’s stock worth $994,000 after buying an additional 21,505 shares during the period. First Trust Advisors LP increased its holdings in Navigant Consulting by 19.5% in the 3rd quarter. First Trust Advisors LP now owns 102,761 shares of the business services provider’s stock worth $1,739,000 after buying an additional 16,804 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Navigant Consulting in the 3rd quarter worth approximately $217,000. Victory Capital Management Inc. increased its holdings in Navigant Consulting by 57.1% in the 3rd quarter. Victory Capital Management Inc. now owns 10,855 shares of the business services provider’s stock worth $184,000 after buying an additional 3,947 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Navigant Consulting by 35.9% in the 3rd quarter. Prudential Financial Inc. now owns 152,623 shares of the business services provider’s stock worth $2,582,000 after buying an additional 40,320 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.

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NCI has been the topic of several research reports. TheStreet upgraded shares of Navigant Consulting from a “c+” rating to a “b-” rating in a report on Monday, November 27th. ValuEngine upgraded shares of Navigant Consulting from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research upgraded shares of Navigant Consulting from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Barrington Research downgraded shares of Navigant Consulting from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.00.

Navigant Consulting stock opened at $20.22 on Thursday. Navigant Consulting, Inc. has a fifty-two week low of $14.62 and a fifty-two week high of $24.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $914.87, a P/E ratio of 18.45, a P/E/G ratio of 1.16 and a beta of 0.91.

Navigant Consulting (NYSE:NCI) last issued its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The firm had revenue of $255.40 million for the quarter, compared to analyst estimates of $244.79 million. Navigant Consulting had a return on equity of 7.96% and a net margin of 7.26%. Navigant Consulting’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. analysts expect that Navigant Consulting, Inc. will post 1.3 earnings per share for the current year.

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About Navigant Consulting

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.

Institutional Ownership by Quarter for Navigant Consulting (NYSE:NCI)

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