Allegheny Financial Group LTD Grows Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Allegheny Financial Group LTD increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,182 shares of the business services provider’s stock after buying an additional 72 shares during the quarter. Allegheny Financial Group LTD’s holdings in FTI Consulting were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FCN. Signaturefd LLC lifted its stake in shares of FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. Covestor Ltd increased its position in shares of FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after acquiring an additional 94 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of FTI Consulting by 494.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 183 shares in the last quarter. Versant Capital Management Inc boosted its position in FTI Consulting by 593.8% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after purchasing an additional 190 shares during the period. Finally, American National Bank acquired a new stake in FTI Consulting in the 2nd quarter valued at $59,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Price Performance

FCN stock opened at $222.52 on Wednesday. The company has a market capitalization of $7.94 billion, a PE ratio of 25.87 and a beta of 0.09. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $221.42 and its two-hundred day moving average is $215.00. FTI Consulting, Inc. has a 52-week low of $174.75 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The company had revenue of $949.16 million during the quarter, compared to the consensus estimate of $938.67 million. During the same quarter in the previous year, the firm earned $1.75 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Analysts predict that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

Insider Buying and Selling at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now owns 26,099 shares in the company, valued at approximately $5,927,604.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.51% of the stock is currently owned by insiders.

Analyst Ratings Changes

FCN has been the subject of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th.

FTI Consulting Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.