UBS Asset Management Americas Inc. held its stake in Navigant Consulting Inc. (NYSE:NCI) during the second quarter, Holdings Channel reports. The institutional investor owned 27,498 shares of the company’s stock at the end of the second quarter. UBS Asset Management Americas Inc. owned about 0.06% of Navigant Consulting worth $444,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Navigant Consulting by 46.9% in the first quarter. Goldman Sachs Group Inc. now owns 158,067 shares of the company’s stock worth $2,499,000 after buying an additional 50,455 shares during the period. Integre Asset Management LLC bought a new position in Navigant Consulting during the first quarter worth approximately $405,000. BlackRock Group LTD raised its position in Navigant Consulting by 3.3% in the first quarter. BlackRock Group LTD now owns 82,369 shares of the company’s stock worth $1,303,000 after buying an additional 2,597 shares in the last quarter. Aperio Group LLC raised 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 worth $293,000 after buying an additional 5,546 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new position in Navigant Consulting during the second quarter worth approximately $9,180,000. 91.62% of the stock is currently owned by institutional investors.
Navigant Consulting Inc. (NYSE:NCI) opened at 22.98 on Friday. The company’s 50 day moving average is $20.21 and its 200-day moving average is $17.93. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 19.47 and a beta of 1.35. Navigant Consulting Inc. has a 1-year low of $14.07 and a 1-year high of $24.66.
Navigant Consulting (NYSE:NCI) last posted its earnings results on Tuesday, October 25th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. The business had revenue of $237.10 million for the quarter, compared to analysts’ expectations of $183.29 million. Navigant Consulting had a net margin of 6.12% and a return on equity of 10.03%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, analysts predict that Navigant Consulting Inc. will post $1.15 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th.
About Navigant Consulting
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.