State of Tennessee Treasury Department continued to hold its stake in shares of FTI Consulting, Inc. (NYSE:FCN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,000 shares of the business services provider’s stock at the end of the second quarter. State of Tennessee Treasury Department owned 0.08% of FTI Consulting worth $1,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meadow Creek Investment Management LLC raised its position in FTI Consulting by 24.7% during the first quarter. Meadow Creek Investment Management LLC now owns 2,548 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 504 shares in the last quarter. LS Investment Advisors LLC raised its position in FTI Consulting by 17.4% during the second quarter. LS Investment Advisors LLC now owns 3,307 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 491 shares in the last quarter. Capstone Asset Management Co. raised its position in FTI Consulting by 4.9% during the second quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 280 shares in the last quarter. TrimTabs Asset Management LLC raised its position in FTI Consulting by 103.9% during the second quarter. TrimTabs Asset Management LLC now owns 5,982 shares of the business services provider’s stock valued at $209,000 after purchasing an additional 3,048 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in FTI Consulting by 7.6% during the first quarter. Thrivent Financial For Lutherans now owns 7,800 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Shares of FTI Consulting, Inc. (NYSE FCN) opened at 35.19 on Monday. The firm’s 50 day moving average is $33.33 and its 200-day moving average is $35.81. The company has a market cap of $1.39 billion, a PE ratio of 38.50 and a beta of 0.28. FTI Consulting, Inc. has a 1-year low of $31.65 and a 1-year high of $47.12.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.13). The company had revenue of $447.70 million for the quarter, compared to analysts’ expectations of $455.55 million. FTI Consulting had a net margin of 2.13% and a return on equity of 5.18%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Equities analysts expect that FTI Consulting, Inc. will post $1.87 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This story was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.dailypolitical.com/2017/09/25/state-of-tennessee-treasury-department-continues-to-hold-holdings-in-fti-consulting-inc-fcn.html.

A number of analysts have weighed in on the stock. BidaskClub raised shares of FTI Consulting from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of FTI Consulting from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.00.

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.

Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN).

Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

Receive News & Ratings for FTI Consulting Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting Inc. and related companies with MarketBeat.com's FREE daily email newsletter.