Alpha Windward LLC trimmed its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 16.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,900 shares of the business services provider’s stock after selling 1,380 shares during the quarter. Alpha Windward LLC’s holdings in FTI Consulting were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Financial Enhancement Group LLC acquired a new position in FTI Consulting in the second quarter valued at approximately $104,000. Tower Research Capital LLC TRC acquired a new position in FTI Consulting in the second quarter valued at approximately $140,000. Cornerstone Wealth Management LLC acquired a new position in FTI Consulting in the second quarter valued at approximately $182,000. Itau Unibanco Holding S.A. acquired a new position in FTI Consulting in the second quarter valued at approximately $183,000. Finally, Zeke Capital Advisors LLC acquired a new position in FTI Consulting in the second quarter valued at approximately $208,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
NYSE FCN traded up $0.63 during trading hours on Friday, hitting $68.95. The company’s stock had a trading volume of 402,386 shares, compared to its average volume of 473,601. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $2.61 billion, a P/E ratio of 29.72 and a beta of 0.06. FTI Consulting, Inc. has a twelve month low of $39.57 and a twelve month high of $81.91.
FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 25th. The business services provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.42. The company had revenue of $513.01 million for the quarter, compared to analyst estimates of $471.78 million. FTI Consulting had a net margin of 9.73% and a return on equity of 11.91%. Sell-side analysts expect that FTI Consulting, Inc. will post 3.75 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $87.00 price objective on the stock in a report on Tuesday, July 31st. ValuEngine lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, November 1st.
In other FTI Consulting news, Director Nicholas C. Fanandakis sold 13,522 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $69.52, for a total value of $940,049.44. Following the sale, the director now directly owns 19,943 shares in the company, valued at $1,386,437.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brenda J. Bacon sold 1,100 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $68.02, for a total transaction of $74,822.00. Following the completion of the sale, the director now owns 40,955 shares in the company, valued at $2,785,759.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,382 shares of company stock worth $2,858,955. Company insiders own 2.19% of the company’s stock.
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FTI Consulting Profile
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.
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