Alpha Windward LLC increased its stake in FTI Consulting, Inc. (NYSE:FCN) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,580 shares of the business services provider’s stock after buying an additional 780 shares during the period. Alpha Windward LLC’s holdings in FTI Consulting were worth $477,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in FCN. LS Investment Advisors LLC boosted its stake in shares of FTI Consulting by 8.8% in the third quarter. LS Investment Advisors LLC now owns 2,747 shares of the business services provider’s stock valued at $122,000 after buying an additional 223 shares in the last quarter. Credit Agricole S A bought a new position in shares of FTI Consulting during the fourth quarter valued at $157,000. Capstone Asset Management Co. raised its position in shares of FTI Consulting by 5.0% in the first quarter. Capstone Asset Management Co. now owns 5,676 shares of the business services provider’s stock valued at $234,000 after buying an additional 270 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of FTI Consulting during the third quarter valued at $261,000. Finally, Aperio Group LLC bought a new position in shares of FTI Consulting during the third quarter valued at $267,000. Institutional investors own 92.58% of the company’s stock.
FTI Consulting, Inc. (NYSE:FCN) traded up 1.0929% on Monday, reaching $35.1399. 233,049 shares of the company traded hands. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 21.1050 and a beta of 0.36. The stock’s 50-day moving average is $39.03 and its 200-day moving average is $41.56. FTI Consulting, Inc. has a 1-year low of $33.94 and a 1-year high of $47.12.
FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 27th. The business services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.26. FTI Consulting had a return on equity of 7.86% and a net margin of 4.90%. The company had revenue of $446.30 million for the quarter, compared to the consensus estimate of $461.08 million. During the same quarter in the prior year, the company posted $0.83 EPS. FTI Consulting’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that FTI Consulting, Inc. will post $1.92 EPS for the current year.
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Several equities analysts have recently weighed in on the stock. Deutsche Bank AG dropped their price objective on shares of FTI Consulting from $47.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Zacks Investment Research lowered shares of FTI Consulting from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. FTI Consulting currently has a consensus rating of “Hold” and a consensus price target of $45.00.
In other FTI Consulting news, CEO Steven Henry Gunby purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were bought at an average price of $34.51 per share, with a total value of $1,035,300.00. Following the completion of the purchase, the chief executive officer now directly owns 166,043 shares in the company, valued at $5,730,143.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.03% of the stock is currently owned by corporate insiders.
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.
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