Canada Pension Plan Investment Board acquired a new stake in FTI Consulting, Inc. (NYSE:FCN) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 103,600 shares of the business services provider’s stock, valued at approximately $7,582,000. Canada Pension Plan Investment Board owned approximately 0.27% of FTI Consulting as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Financial Enhancement Group LLC acquired a new stake in shares of FTI Consulting during the second quarter valued at about $104,000. Tower Research Capital LLC TRC acquired a new stake in shares of FTI Consulting during the second quarter valued at about $140,000. Itau Unibanco Holding S.A. acquired a new stake in shares of FTI Consulting during the second quarter valued at about $183,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of FTI Consulting during the second quarter valued at about $210,000. Finally, Paloma Partners Management Co acquired a new stake in shares of FTI Consulting during the second quarter valued at about $219,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FCN stock opened at $64.20 on Friday. FTI Consulting, Inc. has a 12 month low of $39.57 and a 12 month high of $81.91. The stock has a market cap of $2.58 billion, a PE ratio of 17.00 and a beta of 0.03. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19.
FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.42. FTI Consulting had a return on equity of 11.91% and a net margin of 9.73%. The firm had revenue of $513.01 million for the quarter, compared to analyst estimates of $471.78 million. Equities analysts predict that FTI Consulting, Inc. will post 3.75 EPS for the current year.
A number of analysts have recently commented on FCN shares. Zacks Investment Research lowered FTI Consulting from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st.
In related news, insider Paul Alderman Linton sold 3,800 shares of FTI Consulting stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $66.95, for a total value of $254,410.00. Following the transaction, the insider now directly owns 18,177 shares of the company’s stock, valued at $1,216,950.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Matthew Pachman sold 1,500 shares of FTI Consulting stock in a transaction that occurred on Friday, October 26th. The stock was 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 directly owns 1,686 shares in the company, valued at $123,314.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,533 shares of company stock worth $3,554,886. 2.19% of the stock is owned by insiders.
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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.
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