Teachers Advisors LLC Increases Holdings in FTI Consulting, Inc. (FCN)

Teachers Advisors LLC boosted its stake in FTI Consulting, Inc. (NYSE:FCN) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,663 shares of the business services provider’s stock after acquiring an additional 1,497 shares during the period. Teachers Advisors LLC owned 0.19% of FTI Consulting worth $5,391,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in FTI Consulting in the third quarter worth about $3,337,000. AQR Capital Management LLC raised its position in FTI Consulting by 194.0% in the third quarter. AQR Capital Management LLC now owns 176,771 shares of the business services provider’s stock worth $12,938,000 after acquiring an additional 116,647 shares during the period. IndexIQ Advisors LLC raised its position in shares of FTI Consulting by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 46,958 shares of the business services provider’s stock valued at $3,437,000 after purchasing an additional 1,775 shares during the period. Mackenzie Financial Corp raised its position in shares of FTI Consulting by 386.2% in the third quarter. Mackenzie Financial Corp now owns 98,455 shares of the business services provider’s stock valued at $7,206,000 after purchasing an additional 78,205 shares during the period. Finally, Wakefield Asset Management LLLP bought a new stake in shares of FTI Consulting in the third quarter valued at approximately $250,000. 98.19% of the stock is currently owned by institutional investors and hedge funds.

NYSE FCN opened at $68.62 on Friday. FTI Consulting, Inc. has a 12-month low of $39.57 and a 12-month high of $81.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $2.58 billion, a PE ratio of 29.58 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.42. FTI Consulting had a net margin of 9.73% and a return on equity of 11.91%. The company had revenue of $513.01 million for the quarter, compared to analyst estimates of $471.78 million. Research analysts predict that FTI Consulting, Inc. will post 3.75 earnings per share for the current fiscal year.

In other FTI Consulting news, VP Matthew Pachman sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $73.14, for a total value of $109,710.00. Following the completion of the transaction, the vice president now owns 1,686 shares of the company’s stock, valued at approximately $123,314.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Alderman Linton sold 3,800 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $66.95, for a total transaction of $254,410.00. Following the completion of the transaction, the insider now directly owns 18,177 shares of the company’s stock, valued at approximately $1,216,950.15. The disclosure for this sale can be found here. Insiders have sold a total of 51,533 shares of company stock worth $3,554,886 in the last ninety days. 2.19% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the stock. ValuEngine raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $79.00 price target on the stock in a research report on Monday, October 29th.

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About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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

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