FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Chartwell Investment Partners LLC

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.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.28. The firm had revenue of $607.85 million during the quarter, compared to analysts’ expectations of $564.02 million. FTI Consulting had a return on equity of 13.63% and a net margin of 8.07%. FTI Consulting’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 EPS. On average, equities research analysts predict that FTI Consulting, Inc. will post 5.61 EPS for the current year.

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

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