FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Quantamental Technologies LLC

Quantamental Technologies LLC cut its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 75.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 795 shares of the business services provider’s stock after selling 2,505 shares during the quarter. Quantamental Technologies LLC’s holdings in FTI Consulting were worth $67,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of FTI Consulting by 9.5% in the 4th quarter. Geode Capital Management LLC now owns 398,702 shares of the business services provider’s stock valued at $26,569,000 after buying an additional 34,588 shares during the last quarter. Bank of Montreal Can grew its position in FTI Consulting by 6.3% during the 1st quarter. Bank of Montreal Can now owns 2,058 shares of the business services provider’s stock worth $159,000 after purchasing an additional 122 shares during the last quarter. Rhumbline Advisers grew its position in FTI Consulting by 1.9% during the 1st quarter. Rhumbline Advisers now owns 115,091 shares of the business services provider’s stock worth $8,841,000 after purchasing an additional 2,150 shares during the last quarter. Comerica Bank grew its position in FTI Consulting by 2.8% during the 1st quarter. Comerica Bank now owns 50,541 shares of the business services provider’s stock worth $3,932,000 after purchasing an additional 1,396 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in FTI Consulting by 2.3% during the 1st quarter. Texas Permanent School Fund now owns 25,709 shares of the business services provider’s stock worth $1,975,000 after purchasing an additional 589 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

Shares of FCN stock traded up $0.79 during mid-day trading on Friday, hitting $108.63. The stock had a trading volume of 2,724 shares, compared to its average volume of 181,476. FTI Consulting, Inc. has a fifty-two week low of $59.06 and a fifty-two week high of $111.11. The firm has a market cap of $3.99 billion, a PE ratio of 26.99 and a beta of 0.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.20 and a quick ratio of 2.20. The company’s 50-day simple moving average is $105.48 and its 200-day simple moving average is $87.41.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, July 25th. The business services provider reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.78. FTI Consulting had a net margin of 8.98% and a return on equity of 14.42%. The company had revenue of $606.12 million during the quarter, compared to analysts’ expectations of $528.56 million. During the same quarter last year, the business earned $1.14 EPS. The business’s revenue was up 18.4% on a year-over-year basis. On average, analysts expect that FTI Consulting, Inc. will post 5.41 EPS for the current year.

In related news, insider Paul Alderman Linton sold 3,891 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $105.45, for a total value of $410,305.95. Following the completion of the sale, the insider now owns 29,071 shares in the company, valued at $3,065,536.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brenda J. Bacon sold 9,989 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $103.03, for a total transaction of $1,029,166.67. Following the completion of the sale, the director now owns 26,644 shares of the company’s stock, valued at approximately $2,745,131.32. The disclosure for this sale can be found here. Insiders sold 30,338 shares of company stock valued at $3,179,095 in the last quarter. Company insiders own 2.19% of the company’s stock.

Several brokerages have issued reports on FCN. Sidoti raised their price objective on shares of FTI Consulting from $99.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. SunTrust Banks set a $120.00 price objective on shares of FTI Consulting and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

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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