The Manufacturers Life Insurance Company Has $3.18 Million Position in FTI Consulting, Inc. (FCN)

The Manufacturers Life Insurance Company boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,917 shares of the business services provider’s stock after purchasing an additional 1,033 shares during the period. The Manufacturers Life Insurance Company owned about 0.23% of FTI Consulting worth $3,178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its position in FTI Consulting by 2.1% during the second quarter. California Public Employees Retirement System now owns 111,892 shares of the business services provider’s stock valued at $3,912,000 after purchasing an additional 2,300 shares in the last quarter. BlackRock Inc. lifted its position in FTI Consulting by 16,640.5% during the first quarter. BlackRock Inc. now owns 4,414,475 shares of the business services provider’s stock valued at $181,743,000 after purchasing an additional 4,388,105 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in FTI Consulting by 140.3% during the second quarter. BNP Paribas Arbitrage SA now owns 22,235 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 12,983 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in FTI Consulting by 75.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 535,634 shares of the business services provider’s stock valued at $18,726,000 after purchasing an additional 230,549 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in FTI Consulting by 6.5% during the first quarter. Vanguard Group Inc. now owns 3,561,878 shares of the business services provider’s stock valued at $146,642,000 after purchasing an additional 217,209 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

FTI Consulting, Inc. (NYSE FCN) opened at $41.45 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.60 billion, a P/E ratio of 23.36 and a beta of 0.31.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.24. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The business had revenue of $448.96 million for the quarter, compared to the consensus estimate of $446.63 million. During the same period in the previous year, the business earned $0.52 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. analysts forecast that FTI Consulting, Inc. will post 2.06 EPS for the current fiscal year.

FCN has been the topic of several analyst reports. BidaskClub downgraded FTI Consulting from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded FTI Consulting from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, TheStreet upgraded FTI Consulting from a “c” rating to a “b” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $44.33.

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

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