FTI Consulting, Inc. (NYSE:FCN) shares rose 0.3% during trading on Thursday . The stock traded as high as $92.23 and last traded at $90.96, approximately 6,170 shares were traded during mid-day trading. A decline of 98% from the average daily volume of 278,182 shares. The stock had previously closed at $90.65.
Several analysts recently commented on FCN shares. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday. SunTrust Banks restated a “hold” rating and set a $125.00 price target on shares of PepsiCo in a report on Wednesday.
The company has a debt-to-equity ratio of 0.19, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 22.75 and a beta of 0.26. The company has a fifty day moving average of $84.39.
In related news, Director Gerard E. Holthaus sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $86.75, for a total transaction of $867,500.00. Following the transaction, the director now owns 77,759 shares of the company’s stock, valued at $6,745,593.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Holly Paul sold 9,574 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $84.41, for a total transaction of $808,141.34. Following the transaction, the insider now directly owns 25,792 shares in the company, valued at approximately $2,177,102.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,458 shares of company stock valued at $2,446,950. 2.56% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Carroll Financial Associates Inc. bought a new position in FTI Consulting during the second quarter valued at approximately $51,000. Marshall Wace North America L.P. raised its position in FTI Consulting by 27.0% during the first quarter. Marshall Wace North America L.P. now owns 1,323 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 281 shares in the last quarter. Bank of Montreal Can raised its position in FTI Consulting by 6.3% during the first quarter. Bank of Montreal Can now owns 2,058 shares of the business services provider’s stock valued at $159,000 after acquiring an additional 122 shares in the last quarter. Magnus Financial Group LLC bought a new position in FTI Consulting during the fourth quarter valued at approximately $207,000. Finally, Oppenheimer & Co. Inc. bought a new position in FTI Consulting during the first quarter valued at approximately $253,000. 96.76% of the stock is currently owned by hedge funds and other institutional investors.
FTI Consulting Company Profile (NYSE:FCN)
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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