FTI Consulting Inc. (FCN) Shares Sold by Victory Capital Management Inc.
Victory Capital Management Inc. cut its position in shares of FTI Consulting Inc. (NYSE:FCN) by 12.2% during the third quarter, Holdings Channel reports. The firm owned 1,058,873 shares of the company’s stock after selling 147,200 shares during the period. Victory Capital Management Inc.’s holdings in FTI Consulting were worth $47,184,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in FCN. Dimensional Fund Advisors LP increased its stake in FTI Consulting by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,522,297 shares of the company’s stock worth $143,284,000 after buying an additional 19,723 shares during the period. Vanguard Group Inc. boosted its position in shares of FTI Consulting by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,997,430 shares of the company’s stock worth $121,936,000 after buying an additional 113,777 shares during the period. BlackRock Fund Advisors boosted its position in shares of FTI Consulting by 2.8% in the second quarter. BlackRock Fund Advisors now owns 2,039,670 shares of the company’s stock worth $82,974,000 after buying an additional 55,968 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of FTI Consulting by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,244,964 shares of the company’s stock worth $50,645,000 after buying an additional 20,642 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of FTI Consulting by 183.6% in the second quarter. Ameriprise Financial Inc. now owns 1,001,709 shares of the company’s stock worth $40,749,000 after buying an additional 648,458 shares during the period. 93.87% of the stock is currently owned by institutional investors and hedge funds.
FTI Consulting Inc. (NYSE:FCN) traded up 1.78% on Wednesday, reaching $43.34. 12,620 shares of the company’s stock traded hands. The firm has a market capitalization of $1.79 billion, a P/E ratio of 20.45 and a beta of 0.29. The stock has a 50-day moving average of $42.61 and a 200 day moving average of $42.67. FTI Consulting Inc. has a 52 week low of $29.91 and a 52 week high of $45.23.
FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. FTI Consulting had a net margin of 4.90% and a return on equity of 7.86%. The company had revenue of $438.04 million for the quarter, compared to analysts’ expectations of $452.70 million. During the same period last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts expect that FTI Consulting Inc. will post $2.28 EPS for the current fiscal year.
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A number of research analysts recently weighed in on FCN shares. Deutsche Bank AG started coverage on shares of FTI Consulting in a report on Wednesday, August 17th. They issued a “hold” rating and a $44.00 price objective for the company. Avondale Partners cut shares of FTI Consulting from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $50.00 to $45.00 in a report on Monday, October 31st. Finally, Zacks Investment Research cut shares of FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $45.33.
In other news, insider Holly Paul sold 598 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $43.42, for a total transaction of $25,965.16. Following the transaction, the insider now directly owns 5,449 shares in the company, valued at approximately $236,595.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Vernon James Ellis sold 5,000 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $43.32, for a total transaction of $216,600.00. Following the transaction, the director now owns 14,933 shares in the company, valued at $646,897.56. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.
FTI Consulting Company Profile
FTI Consulting, Inc (FTI Consulting) is a business advisory firm. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Its Corporate Finance & Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world.
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