Fort L.P. Purchases Shares of 2,173 FTI Consulting, Inc. (NYSE:FCN)

Fort L.P. purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN – Get Rating) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,173 shares of the business services provider’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FCN. Covestor Ltd purchased a new stake in shares of FTI Consulting in the 4th quarter worth about $46,000. Kings Point Capital Management bought a new stake in FTI Consulting during the 3rd quarter valued at about $59,000. Destiny Wealth Partners LLC increased its stake in FTI Consulting by 22.8% during the 4th quarter. Destiny Wealth Partners LLC now owns 507 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 94 shares in the last quarter. MUFG Americas Holdings Corp increased its stake in FTI Consulting by 155.2% during the 4th quarter. MUFG Americas Holdings Corp now owns 518 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 315 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in FTI Consulting during the 3rd quarter valued at about $95,000.

In other FTI Consulting news, General Counsel Curtis P. Lu sold 4,238 shares of FTI Consulting stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $145.48, for a total transaction of $616,544.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vernon James Ellis sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $146.71, for a total transaction of $146,710.00. The disclosure for this sale can be found here. Company insiders own 3.32% of the company’s stock.

A number of analysts have weighed in on FCN shares. Zacks Investment Research upgraded shares of FTI Consulting from a “sell” rating to a “hold” rating and set a $170.00 price objective for the company in a research note on Wednesday, April 27th. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th.

Shares of FCN stock opened at $162.67 on Thursday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $5.61 billion, a PE ratio of 25.18 and a beta of 0.43. The company has a 50 day moving average price of $159.54 and a 200-day moving average price of $151.89. FTI Consulting, Inc. has a 52 week low of $131.50 and a 52 week high of $170.65.

FTI Consulting (NYSE:FCN – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The business services provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. The company had revenue of $723.62 million for the quarter, compared to the consensus estimate of $702.83 million. FTI Consulting had a net margin of 8.17% and a return on equity of 14.88%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. Analysts anticipate that FTI Consulting, Inc. will post 6.87 earnings per share for the current year.

About FTI Consulting (Get Rating)

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

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