Legal & General Group Plc Lowers Stake in Navigant Consulting, Inc. (NCI)

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Legal & General Group Plc cut its stake in shares of Navigant Consulting, Inc. (NYSE:NCI) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,088 shares of the business services provider’s stock after selling 4,846 shares during the period. Legal & General Group Plc owned 0.23% of Navigant Consulting worth $2,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NCI. Private Capital Group LLC grew its stake in shares of Navigant Consulting by 163.9% during the 4th quarter. Private Capital Group LLC now owns 1,037 shares of the business services provider’s stock valued at $25,000 after buying an additional 644 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Navigant Consulting during the 4th quarter valued at $70,000. Advisor Group Inc. grew its stake in shares of 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 buying an additional 1,160 shares during the period. Neuburgh Advisers LLC grew its stake in shares of Navigant Consulting by 11.4% during the 4th quarter. Neuburgh Advisers LLC now owns 7,766 shares of the business services provider’s stock valued at $187,000 after buying an additional 792 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in shares of Navigant Consulting by 276.2% during the 4th quarter. Meeder Asset Management Inc. now owns 7,999 shares of the business services provider’s stock valued at $193,000 after buying an additional 5,873 shares during the period. 97.77% of the stock is owned by institutional investors.

NYSE:NCI opened at $20.82 on Thursday. The firm has a market cap of $798.78 million, a P/E ratio of 44.30, a price-to-earnings-growth ratio of 1.72 and a beta of 0.68. Navigant Consulting, Inc. has a twelve month low of $18.85 and a twelve month high of $27.40.

Navigant Consulting (NYSE:NCI) last posted its earnings results on Tuesday, February 26th. The business services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The business had revenue of $193.20 million for the quarter, compared to analyst estimates of $173.33 million. Navigant Consulting had a net margin of 13.10% and a return on equity of 6.59%. The business’s revenue was down 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Research analysts forecast that Navigant Consulting, Inc. will post 0.89 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. TheStreet lowered shares of Navigant Consulting from a “b-” rating to a “c” rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $28.00.

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

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