FTI Consulting Inc. (FCN) Sees Large Volume Increase
FTI Consulting Inc. (NYSE:FCN) saw an uptick in trading volume on Friday . 160,831 shares traded hands during trading, a decline of 5% from the previous session’s volume of 170,047 shares.The stock last traded at $44.94 and had previously closed at $44.65.
A number of brokerages have recently commented on FCN. Deutsche Bank AG began coverage on shares of FTI Consulting in a research report on Wednesday, August 17th. They set a “hold” rating and a $44.00 target price on the stock. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a research report on Monday, July 25th. Finally, TheStreet raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Friday, April 29th.
The firm has a market cap of $1.82 billion and a P/E ratio of 24.06. The stock’s 50-day moving average is $43.20 and its 200 day moving average is $39.13.
In related news, Director Gerard E. Holthaus sold 8,403 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $43.02, for a total transaction of $361,497.06. Following the completion of the sale, the director now owns 69,505 shares of the company’s stock, valued at approximately $2,990,105.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
An institutional investor recently raised its position in FTI Consulting stock. Mutual of America Capital Management LLC raised its stake in shares of FTI Consulting Inc. (NYSE:FCN) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,020 shares of the company’s stock after buying an additional 1,041 shares during the period. Mutual of America Capital Management LLC owned approximately 0.07% of FTI Consulting worth $1,006,000 as of its most recent filing with the SEC.
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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