JPMorgan Chase & Co. trimmed its position in Navigant Consulting, Inc. (NYSE:NCI) by 21.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 88,380 shares of the business services provider’s stock after selling 23,558 shares during the period. JPMorgan Chase & Co.’s holdings in Navigant Consulting were worth $1,505,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in shares of Navigant Consulting in the third quarter worth $19,124,000. Voya Investment Management LLC grew its stake in shares of Navigant Consulting by 2,117.0% in the second quarter. Voya Investment Management LLC now owns 543,026 shares of the business services provider’s stock worth $10,730,000 after acquiring an additional 518,532 shares during the last quarter. Tributary Capital Management LLC grew its stake in shares of Navigant Consulting by 21.8% in the third quarter. Tributary Capital Management LLC now owns 1,067,121 shares of the business services provider’s stock worth $18,056,000 after acquiring an additional 190,698 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Navigant Consulting by 47.9% in the second quarter. Ameriprise Financial Inc. now owns 443,779 shares of the business services provider’s stock worth $8,769,000 after acquiring an additional 143,756 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Navigant Consulting by 3.3% in the second quarter. Vanguard Group Inc. now owns 4,377,585 shares of the business services provider’s stock worth $86,500,000 after acquiring an additional 139,759 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.
Shares of Navigant Consulting, Inc. (NYSE NCI) opened at $19.50 on Wednesday. Navigant Consulting, Inc. has a 12 month low of $14.62 and a 12 month high of $25.55. The company has a market capitalization of $906.46, a price-to-earnings ratio of 20.97, a PEG ratio of 1.12 and a beta of 0.90. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.27.
In related news, Director Randy H. Zwirn sold 5,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $17.46, for a total transaction of $87,300.00. Following the sale, the director now directly owns 21,226 shares of the company’s stock, valued at $370,605.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.32% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. TheStreet raised Navigant Consulting from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.00.
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.
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