CANADA LIFE ASSURANCE Co Acquires 225 Shares of FTI Consulting, Inc. (NYSE:FCN)

CANADA LIFE ASSURANCE Co boosted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,821 shares of the business services provider’s stock after purchasing an additional 225 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.08% of FTI Consulting worth $6,282,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FCN. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of FTI Consulting by 494.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock worth $46,000 after buying an additional 183 shares in the last quarter. Covestor Ltd lifted its stake in FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Fifth Third Bancorp lifted its stake in FTI Consulting by 23.4% in the 4th quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock worth $54,000 after purchasing an additional 51 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 63 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of FTI Consulting during the fourth quarter valued at about $56,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FTI Consulting

In related news, insider Paul Alderman Linton sold 16,552 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total transaction of $3,588,142.56. Following the sale, the insider now owns 53,416 shares in the company, valued at approximately $11,579,520.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Paul Alderman Linton sold 16,552 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total transaction of $3,588,142.56. Following the transaction, the insider now directly owns 53,416 shares in the company, valued at approximately $11,579,520.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ajay Sabherwal sold 596 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total value of $134,773.48. Following the transaction, the chief financial officer now owns 13,455 shares of the company’s stock, valued at approximately $3,042,579.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,088 shares of company stock worth $11,163,977. 2.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FCN has been the topic of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday.

FTI Consulting Price Performance

FCN stock opened at $225.40 on Friday. FTI Consulting, Inc. has a 52 week low of $171.81 and a 52 week high of $243.60. The firm has a market capitalization of $8.05 billion, a P/E ratio of 26.21 and a beta of 0.09. The company has a fifty day simple moving average of $217.49 and a two-hundred day simple moving average of $209.85. The company has a quick ratio of 2.46, a current ratio of 2.20 and a debt-to-equity ratio of 0.03.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.38. The firm had revenue of $949.16 million for the quarter, compared to analysts’ expectations of $938.67 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 EPS. Analysts anticipate that FTI Consulting, Inc. will post 8.3 earnings per share for the current fiscal year.

FTI Consulting Company Profile

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