Alambic Investment Management L.P. Sells 9,300 Shares of FTI Consulting, Inc. (FCN)
Alambic Investment Management L.P. trimmed its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 27.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,100 shares of the business services provider’s stock after selling 9,300 shares during the period. Alambic Investment Management L.P.’s holdings in FTI Consulting were worth $1,035,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of FTI Consulting by 3.5% during the 2nd quarter. State Street Corp now owns 1,349,945 shares of the business services provider’s stock worth $47,192,000 after buying an additional 45,366 shares during the last quarter. Northern Trust Corp boosted its stake in shares of FTI Consulting by 34.0% during the 2nd quarter. Northern Trust Corp now owns 1,230,348 shares of the business services provider’s stock worth $43,013,000 after buying an additional 311,939 shares during the last quarter. Boston Partners boosted its stake in shares of FTI Consulting by 21.3% during the 4th quarter. Boston Partners now owns 675,935 shares of the business services provider’s stock worth $29,038,000 after buying an additional 118,774 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of FTI Consulting by 8.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 578,890 shares of the business services provider’s stock worth $20,539,000 after buying an additional 43,256 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of FTI Consulting by 47.9% during the 3rd quarter. Brandes Investment Partners LP now owns 406,475 shares of the business services provider’s stock worth $15,514,000 after buying an additional 131,685 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.
FCN has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. TheStreet upgraded shares of FTI Consulting from a “c” rating to a “b” rating in a research note on Thursday, October 26th.
FTI Consulting announced that its Board of Directors has initiated a stock buyback plan on Monday, December 4th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2018/02/07/alambic-investment-management-l-p-sells-9300-shares-of-fti-consulting-inc-fcn.html.
About FTI Consulting
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).
Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.