Northern Trust Corp Has $43.01 Million Holdings in FTI Consulting, Inc. (FCN)

Northern Trust Corp grew its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 34.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,230,348 shares of the business services provider’s stock after purchasing an additional 311,939 shares during the period. Northern Trust Corp owned 3.11% of FTI Consulting worth $43,013,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its stake in shares of FTI Consulting by 81.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,898 shares of the business services provider’s stock worth $101,000 after purchasing an additional 1,298 shares during the last quarter. LS Investment Advisors LLC boosted its stake 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 purchasing an additional 491 shares during the last quarter. Amalgamated Bank boosted its stake in shares of FTI Consulting by 0.6% during the 2nd quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock worth $205,000 after purchasing an additional 37 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of FTI Consulting by 4.9% during the 2nd quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock worth $208,000 after purchasing an additional 280 shares during the last quarter. Finally, TrimTabs Asset Management LLC boosted its stake in shares of FTI Consulting by 103.9% during the 2nd quarter. TrimTabs Asset Management LLC now owns 5,982 shares of the business services provider’s stock worth $209,000 after purchasing an additional 3,048 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Shares of FTI Consulting, Inc. (FCN) opened at 36.50 on Wednesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 39.93 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. The firm’s 50 day moving average is $34.76 and its 200 day moving average is $35.35.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.40 earnings per share (EPS) 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 analyst estimates of $455.55 million. FTI Consulting had a return on equity of 5.18% and a net margin of 2.13%. FTI Consulting’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Analysts anticipate that FTI Consulting, Inc. will post $1.87 EPS for the current fiscal year.

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Several equities research analysts have issued reports on FCN shares. BidaskClub cut shares of FTI Consulting from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research cut shares of FTI Consulting from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.00.

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.

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

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