Comerica Bank Has $1.06 Million Stake in FTI Consulting, Inc. (FCN)
Comerica Bank raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,062 shares of the business services provider’s stock after buying an additional 270 shares during the quarter. Comerica Bank owned about 0.08% of FTI Consulting worth $1,061,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Meadow Creek Investment Management LLC grew its position in shares of FTI Consulting by 24.7% during the 1st 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 during the period. LS Investment Advisors LLC grew its position in shares of FTI Consulting by 17.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,307 shares of the business services provider’s stock worth $116,000 after buying an additional 491 shares during the period. Engineers Gate Manager LP acquired a new position in shares of FTI Consulting during the 1st quarter worth about $206,000. Capstone Asset Management Co. grew its position in shares of FTI Consulting by 5.0% during the 1st quarter. Capstone Asset Management Co. now owns 5,676 shares of the business services provider’s stock worth $234,000 after buying an additional 270 shares during the period. Finally, Thrivent Financial For Lutherans grew its position in shares of FTI Consulting by 7.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,800 shares of the business services provider’s stock worth $321,000 after buying an additional 550 shares during the period. Institutional investors own 92.28% of the company’s stock.
FTI Consulting, Inc. (NYSE FCN) opened at 35.29 on Tuesday. FTI Consulting, Inc. has a 12-month low of $31.65 and a 12-month high of $47.12. The stock’s 50 day moving average price is $33.26 and its 200 day moving average price is $35.85. The company has a market cap of $1.40 billion, a PE ratio of 38.61 and a beta of 0.28.
FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, July 27th. The business services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). FTI Consulting had a return on equity of 5.18% and a net margin of 2.13%. The business had revenue of $447.70 million for the quarter, compared to analyst estimates of $455.55 million. During the same period in the prior year, the business earned $0.66 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts anticipate that FTI Consulting, Inc. will post $1.87 EPS for the current year.
FCN has been the topic of several recent analyst reports. BidaskClub upgraded FTI Consulting from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research cut FTI Consulting from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $43.00.
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FTI Consulting 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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