Navigant Consulting, Inc. (NYSE:NCI) Short Interest Update

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Navigant Consulting, Inc. (NYSE:NCI) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 1,173,800 shares, a decrease of 6.2% from the May 30th total of 1,251,600 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 303,300 shares, the days-to-cover ratio is presently 3.9 days.

A number of equities analysts have recently weighed in on NCI shares. Barrington Research reiterated a “buy” rating and set a $6.50 price target on shares of CLEAR CHANNEL O/SH in a report on Thursday, April 18th. TheStreet upgraded Sensient Technologies from a “c+” rating to a “b-” rating in a report on Tuesday, June 18th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $27.00.

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in Navigant Consulting in the fourth quarter worth approximately $70,000. PNC Financial Services Group Inc. grew its stake in Navigant Consulting by 3.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 22,955 shares of the business services provider’s stock valued at $554,000 after acquiring an additional 767 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Navigant Consulting by 3.0% during the 4th quarter. Bank of New York Mellon Corp now owns 600,819 shares of the business services provider’s stock valued at $14,450,000 after acquiring an additional 17,667 shares in the last quarter. Advisor Group Inc. grew its stake in Navigant Consulting by 23.3% during the 4th quarter. Advisor Group Inc. now owns 6,129 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Navigant Consulting by 12.0% during the 4th quarter. Citigroup Inc. now owns 46,419 shares of the business services provider’s stock valued at $1,116,000 after acquiring an additional 4,959 shares in the last quarter. 94.07% of the stock is currently owned by institutional investors.

Navigant Consulting stock traded down $0.04 during midday trading on Monday, reaching $23.47. 981 shares of the stock traded hands, compared to its average volume of 252,062. The business has a 50-day simple moving average of $22.94. Navigant Consulting has a 12-month low of $18.85 and a 12-month high of $27.40. The firm has a market capitalization of $925.04 million, a price-to-earnings ratio of 49.89, a PEG ratio of 1.89 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.56 and a current ratio of 2.56.

Navigant Consulting (NYSE:NCI) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. Navigant Consulting had a return on equity of 5.74% and a net margin of 13.16%. The company had revenue of $186.13 million during the quarter, compared to analysts’ expectations of $178.87 million. On average, analysts expect that Navigant Consulting will post 0.92 EPS for the current year.

Navigant Consulting Company Profile

Navigant Consulting, Inc provides professional services worldwide. It operates through three segments: Healthcare, Energy, and Financial Services Advisory and Compliance. The Healthcare segment offers consulting and business process management services to healthcare providers, payers, and life sciences companies.

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