Two Sigma Investments LP purchased a new position in shares of FTI Consulting, Inc. (NYSE:FCN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,475 shares of the business services provider’s stock, valued at approximately $1,051,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. acquired a new position in FTI Consulting during the third quarter worth approximately $174,000. CIBC Asset Management Inc acquired a new position in FTI Consulting during the fourth quarter worth approximately $217,000. Uncommon Cents Investing LLC acquired a new position in FTI Consulting during the fourth quarter worth approximately $232,000. Amalgamated Bank acquired a new position in FTI Consulting during the fourth quarter worth approximately $234,000. Finally, Magnetar Financial LLC acquired a new position in FTI Consulting during the third quarter worth approximately $201,000. 98.71% of the stock is currently owned by institutional investors.
In other FTI Consulting news, CAO Catherine M. Freeman sold 6,088 shares of FTI Consulting stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $48.44, for a total value of $294,902.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.
Several research firms have commented on FCN. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, February 23rd. ValuEngine upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. FTI Consulting currently has an average rating of “Hold” and a consensus price target of $45.50.
Shares of FCN stock opened at $49.29 on Friday. FTI Consulting, Inc. has a twelve month low of $31.65 and a twelve month high of $50.81. The company has a market capitalization of $1,845.27, a price-to-earnings ratio of 20.97 and a beta of 0.20. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.33.
FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.28. FTI Consulting had a return on equity of 7.80% and a net margin of 5.97%. The company had revenue of $467.71 million for the quarter, compared to the consensus estimate of $450.52 million. During the same period last year, the business posted $0.24 EPS. The company’s revenue was up 5.8% on a year-over-year basis. equities analysts expect that FTI Consulting, Inc. will post 2.53 EPS for the current year.
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FTI Consulting Profile
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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