Rice Hall James & Associates LLC Sells 8,992 Shares of FTI Consulting Inc. (FCN)
Rice Hall James & Associates LLC decreased its position in FTI Consulting Inc. (NYSE:FCN) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,074 shares of the company’s stock after selling 8,992 shares during the period. FTI Consulting comprises about 1.5% of Rice Hall James & Associates LLC’s holdings, making the stock its 5th largest position. Rice Hall James & Associates LLC owned about 1.53% of FTI Consulting worth $25,225,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of FTI Consulting by 72.2% in the second quarter. LS Investment Advisors LLC now owns 2,524 shares of the company’s stock worth $103,000 after buying an additional 1,058 shares during the last quarter. Credit Agricole S A acquired a new stake in shares of FTI Consulting during the first quarter worth about $123,000. Independent Portfolio Consultants Inc. raised its stake in shares of FTI Consulting by 8.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,150 shares of the company’s stock worth $210,000 after buying an additional 380 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of FTI Consulting during the first quarter worth about $220,000. Finally, Capstone Asset Management Co. acquired a new stake in shares of FTI Consulting during the second quarter worth about $221,000. 93.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of FTI Consulting Inc. (NYSE:FCN) traded down 1.32% during mid-day trading on Monday, reaching $43.97. The company had a trading volume of 107,419 shares. FTI Consulting Inc. has a 52-week low of $29.91 and a 52-week high of $45.98. The company’s 50-day moving average price is $43.60 and its 200-day moving average price is $40.79. The company has a market capitalization of $1.79 billion, a PE ratio of 23.68 and a beta of 0.29.
FCN has been the topic of a number of analyst reports. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, July 19th. Deutsche Bank AG initiated coverage on FTI Consulting in a research report on Wednesday, August 17th. They set a “hold” rating and a $44.00 target price on the stock.
In other news, insider Holly Paul sold 598 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $43.42, for a total value of $25,965.16. Following the transaction, the insider now directly owns 5,449 shares of the company’s stock, valued at $236,595.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.03% of the stock is currently owned by insiders.
About FTI Consulting
FTI Consulting, Inc (FTI Consulting) is a business advisory firm. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Its Corporate Finance & Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world.
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