Public Employees Retirement System of Ohio boosted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 105.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,873 shares of the business services provider’s stock after buying an additional 27,615 shares during the period. Public Employees Retirement System of Ohio’s holdings in FTI Consulting were worth $6,171,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in shares of FTI Consulting during the 2nd quarter worth $55,000. Ovata Capital Management Ltd bought a new position in shares of FTI Consulting in the second quarter worth about $59,000. GQ Asset Management LLC acquired a new stake in shares of FTI Consulting in the 1st quarter valued at approximately $76,000. Harvest Fund Management Co. Ltd bought a new stake in shares of FTI Consulting during the 1st quarter valued at approximately $83,000. Finally, Flagship Harbor Advisors LLC increased its position in FTI Consulting by 15.5% during 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 in the last quarter.
Shares of FTI Consulting stock traded up $0.60 on Wednesday, reaching $107.31. The company had a trading volume of 846 shares, compared to its average volume of 436,078. FTI Consulting, Inc. has a 1 year low of $100.57 and a 1 year high of $144.10. The firm’s 50-day moving average price is $115.92 and its two-hundred day moving average price is $117.70. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 20.88 and a beta of 0.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.18 and a quick ratio of 2.18.
In other FTI Consulting news, Director Brenda J. Bacon sold 5,000 shares of FTI Consulting stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $119.93, for a total value of $599,650.00. Following the transaction, the director now owns 25,074 shares of the company’s stock, valued at $3,007,124.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.56% of the company’s stock.
Separately, Zacks Investment Research lowered shares of FTI Consulting from a “hold” rating to a “sell” rating and set a $122.00 price objective for the company. in a report on Monday, June 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. FTI Consulting currently has an average rating of “Hold” and an average price target of $149.33.
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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