Vernon James Ellis Sells 5,000 Shares of FTI Consulting Inc. (FCN) Stock
FTI Consulting Inc. (NYSE:FCN) Director Vernon James Ellis sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $43.32, for a total transaction of $216,600.00. Following the transaction, the director now directly owns 14,933 shares of the company’s stock, valued at approximately $646,897.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
FTI Consulting Inc. (NYSE:FCN) traded down 0.62% during midday trading on Monday, reaching $43.29. 146,959 shares of the company traded hands. The company has a 50-day moving average price of $42.61 and a 200-day moving average price of $42.63. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 20.43 and a beta of 0.29. FTI Consulting Inc. has a 12-month low of $29.91 and a 12-month high of $45.23.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. FTI Consulting had a return on equity of 7.86% and a net margin of 4.90%. The company earned $438.04 million during the quarter, compared to analyst estimates of $452.70 million. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts predict that FTI Consulting Inc. will post $2.28 earnings per share for the current fiscal year.
WARNING: “Vernon James Ellis Sells 5,000 Shares of FTI Consulting Inc. (FCN) Stock” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2016/11/28/vernon-james-ellis-sells-5000-shares-of-fti-consulting-inc-fcn-stock.html.
FCN has been the subject of several analyst reports. Deutsche Bank AG initiated coverage on shares of FTI Consulting in a report on Wednesday, August 17th. They set a “hold” rating and a $44.00 price target for the company. Avondale Partners downgraded shares of FTI Consulting from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $50.00 to $45.00 in a report on Monday, October 31st. Finally, Zacks Investment Research downgraded shares of FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $45.33.
Several hedge funds and other institutional investors have recently modified their holdings of FCN. Northwestern Mutual Investment Management Company LLC raised 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. Wells Fargo & Company MN raised its position in shares of FTI Consulting by 0.3% in the third quarter. Wells Fargo & Company MN now owns 14,779 shares of the company’s stock worth $658,000 after buying an additional 44 shares during the last quarter. Alpha Windward LLC raised its position in shares of FTI Consulting by 0.6% in the third quarter. Alpha Windward LLC now owns 10,140 shares of the company’s stock worth $452,000 after buying an additional 60 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of FTI Consulting by 1.2% in the second quarter. Suntrust Banks Inc. now owns 6,862 shares of the company’s stock worth $278,000 after buying an additional 81 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of FTI Consulting by 0.6% in the second quarter. State Treasurer State of Michigan now owns 16,600 shares of the company’s stock worth $675,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.
FTI Consulting Company Profile
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.