Navigant Consulting, Inc. (NYSE:NCI) Holdings Raised by Pinebridge Investments L.P.

Share on StockTwits

Pinebridge Investments L.P. boosted its stake in Navigant Consulting, Inc. (NYSE:NCI) by 184.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,729 shares of the business services provider’s stock after buying an additional 31,622 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.13% of Navigant Consulting worth $1,130,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Tributary Capital Management LLC raised its holdings in shares of Navigant Consulting by 14.0% during the 2nd quarter. Tributary Capital Management LLC now owns 975,001 shares of the business services provider’s stock valued at $22,610,000 after purchasing an additional 119,743 shares in the last quarter. BBT Capital Management LLC bought a new position in shares of Navigant Consulting during the 2nd quarter valued at $253,000. Envestnet Asset Management Inc. raised its holdings in shares of Navigant Consulting by 10.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 80,006 shares of the business services provider’s stock valued at $1,855,000 after purchasing an additional 7,720 shares in the last quarter. Stone Ridge Asset Management LLC raised its holdings in shares of Navigant Consulting by 7.8% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 33,287 shares of the business services provider’s stock valued at $772,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Navigant Consulting during the 2nd quarter valued at $2,274,000. Institutional investors own 94.03% of the company’s stock.

NYSE:NCI traded up $0.05 during midday trading on Thursday, reaching $27.93. The stock had a trading volume of 12,361 shares, compared to its average volume of 343,632. Navigant Consulting, Inc. has a 1-year low of $18.85 and a 1-year high of $28.21. The firm’s fifty day simple moving average is $27.69 and its 200-day simple moving average is $23.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market capitalization of $1.07 billion, a P/E ratio of 59.44, a PEG ratio of 2.13 and a beta of 0.68.

Navigant Consulting (NYSE:NCI) last posted its earnings results on Friday, August 2nd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. Navigant Consulting had a net margin of 11.57% and a return on equity of 4.21%. The business had revenue of $196.57 million for the quarter, compared to analyst estimates of $186.77 million. On average, equities research analysts anticipate that Navigant Consulting, Inc. will post 0.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.05 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.20 dividend on an annualized basis and a yield of 0.72%. Navigant Consulting’s payout ratio is presently 42.55%.

A number of research firms have recently weighed in on NCI. Sidoti downgraded shares of Navigant Consulting from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Barrington Research downgraded shares of Navigant Consulting from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. Finally, TheStreet upgraded shares of Navigant Consulting from a “c+” rating to a “b-” rating in a report on Tuesday, June 18th.

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.

Read More: How to trade the most active stocks

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

Receive News & Ratings for Navigant Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigant Consulting and related companies with MarketBeat.com's FREE daily email newsletter.