JPMorgan Chase & Co. Bought 642,249 Shares of Navigant Consulting, Inc. (NCI)

JPMorgan Chase & Co. Bought 642,249 Shares of Navigant Consulting, Inc. (NCI)

JPMorgan Chase & Co. lifted its holdings in shares of Navigant Consulting, Inc. (NYSE:NCI) by 474.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 777,731 shares of the business services provider’s stock after purchasing an additional 642,249 shares during the period. JPMorgan Chase & Co.’s holdings in Navigant Consulting were worth $17,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Navigant Consulting by 31.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 174,249 shares of the business services provider’s stock worth $4,019,000 after acquiring an additional 41,225 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in shares of Navigant Consulting by 5.3% during the 3rd quarter. Chartwell Investment Partners LLC now owns 83,333 shares of the business services provider’s stock worth $1,922,000 after acquiring an additional 4,185 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Navigant Consulting during the 2nd quarter worth approximately $5,072,000. Northern Trust Corp boosted its position in shares of Navigant Consulting by 3.3% during the 2nd quarter. Northern Trust Corp now owns 1,037,151 shares of the business services provider’s stock worth $22,964,000 after acquiring an additional 32,685 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Navigant Consulting by 125.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,575 shares of the business services provider’s stock valued at $797,000 after buying an additional 19,250 shares in the last quarter. 94.26% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Barrington Research set a $30.00 target price on shares of Navigant Consulting and gave the company a “buy” rating in a research report on Friday, November 16th.

Shares of NYSE:NCI opened at $26.46 on Tuesday. The firm has a market cap of $1.12 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.05 and a beta of 0.75. Navigant Consulting, Inc. has a 52 week low of $18.14 and a 52 week high of $26.53.

About Navigant Consulting

Navigant Consulting, Inc provides professional services to corporate executives and senior management, corporate counsel, law firms, corporate boards, special committees, and governmental agencies worldwide. It operates through four segments: Healthcare; Energy; Financial Services Advisory and Compliance; and Disputes, Forensics and Legal Technology.

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