Hennessy Advisors Inc. reduced its holdings in FTI Consulting, Inc. (NYSE:FCN) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,400 shares of the business services provider’s stock after selling 1,300 shares during the period. Hennessy Advisors Inc. owned approximately 0.09% of FTI Consulting worth $3,807,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of FCN. Atria Investments LLC purchased a new position in shares of FTI Consulting in the 2nd quarter worth $38,000. Flagship Harbor Advisors LLC grew its stake in shares of FTI Consulting by 243.4% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 498 shares of the business services provider’s stock worth $52,000 after buying an additional 353 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of FTI Consulting in the 2nd quarter worth $59,000. Huntington National Bank grew its stake in shares of FTI Consulting by 91.4% in the 3rd quarter. Huntington National Bank now owns 580 shares of the business services provider’s stock worth $61,000 after buying an additional 277 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of FTI Consulting by 41.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 706 shares of the business services provider’s stock worth $75,000 after buying an additional 206 shares in the last quarter. 96.75% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on FCN shares. Sidoti lifted their price target on shares of FTI Consulting from $121.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. William Blair reaffirmed a “market perform” rating on shares of FTI Consulting in a research note on Friday, October 25th. ValuEngine cut shares of FTI Consulting from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 5th. Finally, SunTrust Banks set a $130.00 price target on shares of FTI Consulting and gave the stock a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $113.33.
FCN stock opened at $115.57 on Wednesday. FTI Consulting, Inc. has a 12 month low of $65.47 and a 12 month high of $118.23. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $111.90 and a 200 day moving average price of $105.87. The stock has a market cap of $4.33 billion, a PE ratio of 28.89 and a beta of 0.21.
FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.66. FTI Consulting had a net margin of 9.37% and a return on equity of 15.79%. The firm had revenue of $593.10 million during the quarter, compared to analysts’ expectations of $516.48 million. During the same period in the previous year, the company earned $1.00 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. Sell-side analysts forecast that FTI Consulting, Inc. will post 5.91 EPS for the current year.
In related news, Director Gerard E. Holthaus sold 5,000 shares of FTI Consulting stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $111.69, for a total transaction of $558,450.00. 2.56% of the stock is currently owned by insiders.
FTI Consulting Company 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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