FTI Consulting Inc. (FCN) Trading Up 3.9%
FTI Consulting Inc. (NYSE:FCN) was up 3.9% on Tuesday . The company traded as high as $43.71 and last traded at $43.60, with a volume of 156,567 shares changing hands. The stock had previously closed at $41.98.
A number of equities research analysts have recently weighed in on FCN shares. Zacks Investment Research lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Deutsche Bank AG started coverage on shares of FTI Consulting in a report on Wednesday, August 17th. They set a “hold” rating and a $44.00 price objective on the stock.
The firm has a market capitalization of $1.78 billion, a P/E ratio of 23.45 and a beta of 0.26. The stock’s 50-day moving average price is $43.34 and its 200-day moving average price is $40.25.
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In other FTI Consulting news, insider Holly Paul sold 598 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $43.42, for a total transaction of $25,965.16. Following the sale, the insider now directly owns 5,449 shares in the company, valued at approximately $236,595.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.03% of the company’s stock.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of FTI Consulting by 8.5% in the first quarter. BlackRock Inc. now owns 17,502 shares of the company’s stock worth $622,000 after buying an additional 1,376 shares during the last quarter. BlackRock Group LTD increased its position in FTI Consulting by 25.7% in the first quarter. BlackRock Group LTD now owns 26,463 shares of the company’s stock worth $939,000 after buying an additional 5,413 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in FTI Consulting by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,224,322 shares of the company’s stock worth $43,476,000 after buying an additional 22,024 shares during the period. Investec Asset Management LTD bought a new position in FTI Consulting during the first quarter worth approximately $2,655,000. Finally, Credit Agricole S A bought a new position in FTI Consulting during the first quarter worth approximately $123,000. Institutional investors and hedge funds own 93.93% of the company’s stock.
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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