Bowling Portfolio Management LLC Grows Holdings in FTI Consulting, Inc. (NYSE:FCN)

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Bowling Portfolio Management LLC raised its holdings in FTI Consulting, Inc. (NYSE:FCN) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,276 shares of the business services provider’s stock after buying an additional 4,453 shares during the period. Bowling Portfolio Management LLC owned approximately 0.09% of FTI Consulting worth $2,509,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FCN. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in FTI Consulting by 1,309.2% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 370,806 shares of the business services provider’s stock worth $27,139,000 after buying an additional 344,492 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in FTI Consulting during the third quarter worth about $416,000. Northern Trust Corp boosted its holdings in FTI Consulting by 2.6% during the second quarter. Northern Trust Corp now owns 1,193,314 shares of the business services provider’s stock worth $72,172,000 after buying an additional 30,282 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in FTI Consulting by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 472,813 shares of the business services provider’s stock worth $28,595,000 after buying an additional 19,280 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in FTI Consulting by 36.4% during the second quarter. WINTON GROUP Ltd now owns 168,215 shares of the business services provider’s stock worth $10,174,000 after buying an additional 44,872 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

In other news, VP Matthew Pachman sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $73.14, for a total value of $109,710.00. Following the completion of the transaction, the vice president now owns 1,686 shares of the company’s stock, valued at $123,314.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Curtis P. Lu sold 14,260 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $70.32, for a total transaction of $1,002,763.20. Following the completion of the transaction, the general counsel now directly owns 21,573 shares of the company’s stock, valued at approximately $1,517,013.36. The disclosure for this sale can be found here. In the last three months, insiders sold 41,382 shares of company stock valued at $2,858,955. Company insiders own 2.19% of the company’s stock.

FCN traded up $0.63 during midday trading on Friday, reaching $68.95. 402,386 shares of the company’s stock were exchanged, compared to its average volume of 473,601. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.61 billion, a P/E ratio of 29.72 and a beta of 0.06. FTI Consulting, Inc. has a 1-year low of $39.57 and a 1-year high of $81.91.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.42. The company had revenue of $513.01 million during the quarter, compared to analysts’ expectations of $471.78 million. FTI Consulting had a net margin of 9.73% and a return on equity of 11.91%. As a group, analysts forecast that FTI Consulting, Inc. will post 3.75 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $79.00 target price for the company in a research report on Monday, October 29th.

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About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

See Also: Price to Earnings Ratio (PE) Basics

Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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