Profund Advisors LLC boosted its stake in FTI Consulting, Inc. (NYSE:FCN) by 14.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,548 shares of the business services provider’s stock after acquiring an additional 977 shares during the quarter. Profund Advisors LLC’s holdings in FTI Consulting were worth $365,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. acquired a new position in FTI Consulting in the 1st quarter valued at about $107,000. O Shaughnessy Asset Management LLC acquired a new position in shares of FTI Consulting during the first quarter worth about $162,000. Jane Street Group LLC acquired a new position in shares of FTI Consulting during the fourth quarter worth about $204,000. Verition Fund Management LLC acquired a new position in shares of FTI Consulting during the fourth quarter worth about $209,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in FTI Consulting during the fourth quarter worth approximately $220,000. 95.34% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Brenda J. Bacon sold 15,966 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $62.94, for a total value of $1,004,900.04. Following the completion of the sale, the director now owns 38,189 shares in the company, valued at $2,403,615.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.19% of the company’s stock.
FTI Consulting traded down $0.66, hitting $60.48, during trading hours on Friday, Marketbeat reports. The stock had a trading volume of 263,140 shares, compared to its average volume of 295,981. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.38 and a current ratio of 2.38. FTI Consulting, Inc. has a 1-year low of $31.65 and a 1-year high of $65.14. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 26.07 and a beta of 0.17.
FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, April 26th. The business services provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.42. The firm had revenue of $497.77 million for the quarter, compared to the consensus estimate of $456.68 million. FTI Consulting had a return on equity of 9.85% and a net margin of 7.15%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. sell-side analysts forecast that FTI Consulting, Inc. will post 2.65 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. ValuEngine cut FTI Consulting from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research cut FTI Consulting from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 25th.
FTI Consulting Profile
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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