Federated Investors Inc. PA increased its position in FTI Consulting, Inc. (NYSE:FCN) by 3,511.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,111 shares of the business services provider’s stock after purchasing an additional 22,471 shares during the quarter. Federated Investors Inc. PA owned 0.06% of FTI Consulting worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Financial Enhancement Group LLC bought a new position in FTI Consulting during the 2nd quarter valued at $104,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of FTI Consulting during the first quarter worth $107,000. Cornerstone Wealth Management LLC acquired a new stake in shares of FTI Consulting during the second quarter worth $182,000. Zeke Capital Advisors LLC acquired a new stake in shares of FTI Consulting during the second quarter worth $208,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of FTI Consulting during the second quarter worth $210,000. Institutional investors and hedge funds own 93.22% of the company’s stock.
Shares of NYSE:FCN traded up $0.64 on Friday, reaching $68.32. 243,734 shares of the company’s stock were exchanged, compared to its average volume of 319,264. The stock has a market capitalization of $2.80 billion and a price-to-earnings ratio of 29.45. FTI Consulting, Inc. has a fifty-two week low of $36.03 and a fifty-two week high of $81.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.29 and a current ratio of 2.29.
In related news, insider Holly Paul sold 10,426 shares of the stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $75.29, for a total value of $784,973.54. Following the sale, the insider now owns 20,102 shares of the company’s stock, valued at approximately $1,513,479.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.19% of the stock is owned by company insiders.
A number of brokerages have weighed in on FCN. Zacks Investment Research cut shares of FTI Consulting from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. Sidoti raised shares of FTI Consulting from a “neutral” rating to a “buy” rating in a report on Tuesday, July 10th.
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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