Separately, SunTrust Banks reiterated a hold rating and set a $125.00 price target on shares of PepsiCo in a report on Wednesday.
Shares of FCN stock traded down $0.50 during trading hours on Thursday, reaching $90.50. The company had a trading volume of 3,008 shares, compared to its average volume of 219,662. The firm has a fifty day moving average of $84.39. The company has a market capitalization of $3.45 billion, a P/E ratio of 22.67 and a beta of 0.26. FTI Consulting has a 12 month low of $59.06 and a 12 month high of $92.23. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.19.
In other FTI Consulting news, Director Gerard E. Holthaus sold 10,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $86.75, for a total value of $867,500.00. Following the sale, the director now directly owns 77,759 shares in the company, valued at $6,745,593.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerard E. Holthaus sold 8,884 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $86.82, for a total value of $771,308.88. Following the completion of the sale, the director now owns 77,759 shares in the company, valued at $6,751,036.38. The disclosure for this sale can be found here. Insiders have sold 28,458 shares of company stock worth $2,446,950 over the last quarter. 2.19% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in shares of FTI Consulting by 12.5% in the first quarter. FMR LLC now owns 3,544,813 shares of the business services provider’s stock valued at $272,313,000 after buying an additional 392,686 shares during the period. Norges Bank purchased a new position in shares of FTI Consulting in the fourth quarter valued at $57,466,000. Boston Partners grew its position in shares of FTI Consulting by 2.5% in the first quarter. Boston Partners now owns 713,840 shares of the business services provider’s stock valued at $54,838,000 after purchasing an additional 17,373 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of FTI Consulting by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 496,498 shares of the business services provider’s stock valued at $33,086,000 after purchasing an additional 2,349 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of FTI Consulting by 416.6% in the first quarter. Lazard Asset Management LLC now owns 462,320 shares of the business services provider’s stock valued at $35,514,000 after purchasing an additional 372,835 shares in the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.
FTI Consulting Company 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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