FTI Consulting, Inc. (NYSE:FCN) Holdings Lifted by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY lifted its stake in FTI Consulting, Inc. (NYSE:FCN) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,845 shares of the business services provider’s stock after buying an additional 175 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in FTI Consulting were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of FCN. Norges Bank bought a new stake in FTI Consulting during the 4th quarter valued at $57,466,000. Lazard Asset Management LLC raised its position in FTI Consulting by 416.6% during the 1st quarter. Lazard Asset Management LLC now owns 462,320 shares of the business services provider’s stock valued at $35,514,000 after purchasing an additional 372,835 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of FTI Consulting by 201.0% in the 4th quarter. Gotham Asset Management LLC now owns 216,366 shares of the business services provider’s stock worth $14,419,000 after acquiring an additional 144,473 shares in the last quarter. BlackRock Inc. raised its position in shares of FTI Consulting by 2.4% in the 4th quarter. BlackRock Inc. now owns 5,678,229 shares of the business services provider’s stock worth $378,396,000 after acquiring an additional 131,504 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in shares of FTI Consulting by 102.5% in the 4th quarter. APG Asset Management N.V. now owns 180,600 shares of the business services provider’s stock worth $10,528,000 after acquiring an additional 91,400 shares in the last quarter. 96.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FTI Consulting stock traded up $1.03 during mid-day trading on Thursday, reaching $94.05. 233,126 shares of the stock traded hands, compared to its average volume of 280,168. The company has a 50-day moving average price of $85.69. FTI Consulting, Inc. has a fifty-two week low of $59.06 and a fifty-two week high of $94.33. The stock has a market capitalization of $3.53 billion, a PE ratio of 23.51 and a beta of 0.26. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.19.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.63. The business had revenue of $551.27 million during the quarter, compared to analyst estimates of $517.69 million. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. As a group, analysts forecast that FTI Consulting, Inc. will post 4.39 earnings per share for the current fiscal year.

Several research analysts have recently commented on FCN shares. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. SunTrust Banks restated a “hold” rating and set a $125.00 target price on shares of PepsiCo in a research note on Wednesday, July 10th.

In other FTI Consulting news, Director Gerard E. Holthaus sold 8,884 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $86.82, for a total transaction of $771,308.88. Following the transaction, the director now owns 77,759 shares of the company’s stock, valued at $6,751,036.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gerard E. Holthaus sold 10,000 shares of FTI Consulting stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $86.75, for a total value of $867,500.00. Following the completion of the sale, the director now directly owns 77,759 shares in the company, valued at approximately $6,745,593.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,458 shares of company stock worth $2,446,950. Insiders own 2.19% of the company’s stock.

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

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