FTI Consulting Inc. (FCN) Shares Sold by LGT Capital Partners LTD.
LGT Capital Partners LTD. lowered its position in shares of FTI Consulting Inc. (NYSE:FCN) by 31.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,000 shares of the company’s stock after selling 60,000 shares during the period. LGT Capital Partners LTD. owned about 0.32% of FTI Consulting worth $5,793,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC increased its position in shares of FTI Consulting by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,155 shares of the company’s stock worth $291,000 after buying an additional 40 shares during the last quarter. Mason Street Advisors LLC bought a new position in shares of FTI Consulting during the second quarter worth about $769,000. Royal Bank of Canada increased its position in shares of FTI Consulting by 113.5% in the second quarter. Royal Bank of Canada now owns 15,407 shares of the company’s stock worth $627,000 after buying an additional 8,189 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of FTI Consulting by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 246,098 shares of the company’s stock worth $10,012,000 after buying an additional 1,572 shares during the last quarter. Finally, Amalgamated Bank bought a new position in shares of FTI Consulting during the second quarter worth about $222,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of FTI Consulting Inc. (NYSE:FCN) traded down 0.83% during trading on Friday, reaching $42.99. 243,911 shares of the company were exchanged. FTI Consulting Inc. has a 1-year low of $29.91 and a 1-year high of $45.23. The firm has a market capitalization of $1.77 billion, a P/E ratio of 20.29 and a beta of 0.29. The firm’s 50 day moving average is $42.76 and its 200 day moving average is $42.52.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The company earned $438.04 million during the quarter, compared to the consensus estimate of $452.70 million. FTI Consulting had a return on equity of 7.86% and a net margin of 4.90%. FTI Consulting’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, equities analysts anticipate that FTI Consulting Inc. will post $2.28 EPS for the current fiscal year.
FCN has been the topic of a number of recent research reports. Avondale Partners downgraded shares of FTI Consulting from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $50.00 to $45.00 in a research report on Monday, October 31st. Zacks Investment Research downgraded shares of FTI Consulting from a “hold” rating to a “strong sell” rating in a research report on Monday, October 31st. Finally, Deutsche Bank AG reduced their target price on shares of FTI Consulting from $44.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. FTI Consulting currently has a consensus rating of “Hold” and a consensus target price of $45.33.
In related news, insider Holly Paul sold 598 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $43.42, for a total value of $25,965.16. Following the completion of the sale, the insider now directly owns 5,449 shares in the company, valued at $236,595.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.03% of the stock is owned by corporate 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.
Receive News & Stock Ratings for FTI Consulting Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting Inc. and related stocks with our FREE daily email newsletter.