Shelton Capital Management maintained its stake in FTI Consulting, Inc. (NYSE:FCN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,168 shares of the business services provider’s stock at the end of the first quarter. Shelton Capital Management’s holdings in FTI Consulting were worth $542,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of FCN. Meadow Creek Investment Management LLC raised its stake in shares of FTI Consulting by 24.7% in the first quarter. Meadow Creek Investment Management LLC now owns 2,548 shares of the business services provider’s stock worth $105,000 after buying an additional 504 shares in the last quarter. Acrospire Investment Management LLC boosted its position in FTI Consulting by 57.9% in the first quarter. Acrospire Investment Management LLC now owns 2,726 shares of the business services provider’s stock valued at $112,000 after buying an additional 1,000 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in FTI Consulting during the first quarter worth $121,000. Glen Harbor Capital Management LLC increased its stake in FTI Consulting by 24.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,094 shares of the business services provider’s stock worth $128,000 after buying an additional 612 shares in the last quarter. Finally, Credit Agricole S A bought a new position in FTI Consulting during the fourth quarter worth approximately $157,000. Institutional investors and hedge funds own 96.09% of the company’s stock.
FTI Consulting, Inc. (FCN) traded up 2.72% during mid-day trading on Wednesday, hitting $34.41. 18,902 shares of the stock traded hands. The firm has a market cap of $1.39 billion, a PE ratio of 20.67 and a beta of 0.29. FTI Consulting, Inc. has a 12-month low of $32.81 and a 12-month high of $47.12. The stock has a 50 day moving average price of $34.58 and a 200 day moving average price of $39.65.
FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, April 27th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.26. FTI Consulting had a return on equity of 6.06% and a net margin of 3.88%. The firm had revenue of $446.30 million during the quarter, compared to analysts’ expectations of $461.08 million. During the same period last year, the business earned $0.83 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, analysts expect that FTI Consulting, Inc. will post $1.92 earnings per share for the current fiscal year.
FCN has been the topic of several analyst reports. Deutsche Bank AG reduced their target price on FTI Consulting from $47.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Zacks Investment Research cut FTI Consulting from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Finally, BidaskClub upgraded FTI Consulting from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. FTI Consulting presently has a consensus rating of “Hold” and an average target price of $45.00.
In other FTI Consulting news, CEO Steven Henry Gunby acquired 30,000 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was bought at an average price of $34.51 per share, for a total transaction of $1,035,300.00. Following the purchase, the chief executive officer now owns 166,043 shares in the company, valued at approximately $5,730,143.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.03% of the stock is owned by corporate insiders.
FTI Consulting Company 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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