Chartwell Investment Partners LLC lowered its holdings in FTI Consulting, Inc. (NYSE:FCN) by 18.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,284 shares of the business services provider’s stock after selling 9,387 shares during the period. Chartwell Investment Partners LLC owned 0.11% of FTI Consulting worth $4,729,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. GQ Asset Management LLC acquired a new position in shares of FTI Consulting in the 1st quarter valued at $76,000. Harvest Fund Management Co. Ltd purchased a new stake in FTI Consulting during the first quarter valued at about $83,000. Ladenburg Thalmann Financial Services Inc. increased its stake in FTI Consulting by 1,463.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 844 shares of the business services provider’s stock worth $94,000 after acquiring an additional 790 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of FTI Consulting by 15.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,399 shares of the business services provider’s stock worth $168,000 after purchasing an additional 188 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of FTI Consulting by 507.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,518 shares of the business services provider’s stock worth $182,000 after purchasing an additional 1,268 shares during the period. Hedge funds and other institutional investors own 98.00% of the company’s stock.
FCN stock opened at $119.44 on Friday. The firm has a market cap of $4.43 billion, a P/E ratio of 23.37 and a beta of 0.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.36 and a current ratio of 2.18. FTI Consulting, Inc. has a 1 year low of $100.09 and a 1 year high of $144.10. The stock has a 50-day simple moving average of $110.93 and a 200-day simple moving average of $118.78.
In related news, Director Vernon James Ellis sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $120.00, for a total transaction of $360,000.00. Following the completion of the sale, the director now directly owns 8,267 shares of the company’s stock, valued at approximately $992,040. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.19% of the stock is currently owned by corporate insiders.
A number of analysts recently issued reports on the stock. William Blair raised shares of FTI Consulting from a “market perform” rating to an “outperform” rating in a research report on Monday, April 6th. Zacks Investment Research downgraded shares of FTI Consulting from a “hold” rating to a “sell” rating and set a $122.00 price objective for the company. in a research note on Monday, June 8th. Finally, Sidoti raised shares of FTI Consulting from a “neutral” rating to a “buy” rating and raised their target price for the company from $152.00 to $171.00 in a research note on Friday, May 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. FTI Consulting presently has an average rating of “Hold” and an average price target of $149.33.
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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