Trade Report: The Ameriprise Financial Inc. Sells shares of Navigant Consulting Inc. (NCI)

The Ameriprise Financial Inc. Sells shares of Navigant Consulting Inc. (NCI)

Ameriprise Financial Inc. reduced its stake in Navigant Consulting Inc. (NYSE:NCI) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 367,920 shares of the company’s stock after selling 9,866 shares during the period. Ameriprise Financial Inc. owned about 0.78% of Navigant Consulting worth $5,942,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in NCI. Royal Bank of Canada increased its position in Navigant Consulting by 27.0% in the first quarter. Royal Bank of Canada now owns 12,664 shares of the company’s stock valued at $200,000 after buying an additional 2,691 shares during the period. Acrospire Investment Management LLC bought a new position in Navigant Consulting during the first quarter valued at approximately $229,000. BNP Paribas Arbitrage SA increased its position in Navigant Consulting by 101.8% in the second quarter. BNP Paribas Arbitrage SA now owns 15,280 shares of the company’s stock valued at $247,000 after buying an additional 7,708 shares during the period. Aperio Group LLC increased its position in Navigant Consulting by 42.7% in the first quarter. Aperio Group LLC now owns 18,548 shares of the company’s stock valued at $293,000 after buying an additional 5,546 shares during the period. Finally, KBC Group NV bought a new position in Navigant Consulting during the second quarter valued at approximately $336,000. 91.63% of the stock is currently owned by hedge funds and other institutional investors.

Navigant Consulting Inc. (NYSE:NCI) traded up 0.97% during midday trading on Wednesday, reaching $19.87. 17,959 shares of the company were exchanged. The stock has a market capitalization of $941.84 million, a P/E ratio of 17.74 and a beta of 1.35. The firm’s 50 day moving average price is $19.81 and its 200-day moving average price is $17.47. Navigant Consulting Inc. has a 52 week low of $14.07 and a 52 week high of $20.58.

Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Navigant Consulting had a return on equity of 9.64% and a net margin of 5.97%. The business had revenue of $238.49 million for the quarter, compared to analyst estimates of $231.24 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast that Navigant Consulting Inc. will post $1.15 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th.

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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