B. Riley Wealth Advisors Inc. Sells 1,189 Shares of FTI Consulting, Inc. (NYSE:FCN)

B. Riley Wealth Advisors Inc. lowered its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 50.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,180 shares of the business services provider’s stock after selling 1,189 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in FTI Consulting were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp lifted its position in FTI Consulting by 23.4% during the fourth quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 51 shares during the last quarter. KB Financial Partners LLC lifted its holdings in shares of FTI Consulting by 1.0% in the 3rd quarter. KB Financial Partners LLC now owns 5,996 shares of the business services provider’s stock worth $1,070,000 after acquiring an additional 58 shares during the last quarter. Procyon Advisors LLC lifted its holdings in shares of FTI Consulting by 4.9% in the 4th quarter. Procyon Advisors LLC now owns 1,266 shares of the business services provider’s stock worth $252,000 after acquiring an additional 59 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in shares of FTI Consulting by 5.1% in the 4th quarter. Portside Wealth Group LLC now owns 1,309 shares of the business services provider’s stock worth $261,000 after acquiring an additional 63 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of FTI Consulting by 30.1% in the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

Insider Activity

In related news, CFO Ajay Sabherwal sold 596 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 13,455 shares of the company’s stock, valued at approximately $3,042,579.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Holly Paul sold 881 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $224.00, for a total transaction of $197,344.00. Following the completion of the sale, the insider now owns 22,855 shares of the company’s stock, valued at $5,119,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ajay Sabherwal sold 596 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total transaction of $134,773.48. Following the transaction, the chief financial officer now directly owns 13,455 shares in the company, valued at approximately $3,042,579.15. The disclosure for this sale can be found here. Insiders sold a total of 51,088 shares of company stock valued at $11,163,977 in the last three months. 2.51% of the stock is currently owned by corporate insiders.

FTI Consulting Stock Up 2.4 %

Shares of FTI Consulting stock opened at $219.31 on Friday. The firm’s 50 day moving average price is $215.78 and its 200-day moving average price is $207.07. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. FTI Consulting, Inc. has a 52-week low of $171.81 and a 52-week high of $232.15. The company has a market cap of $7.83 billion, a P/E ratio of 25.50 and a beta of 0.08.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47. The company had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. FTI Consulting’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. On average, sell-side analysts predict that FTI Consulting, Inc. will post 8.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FCN has been the subject of several analyst reports. William Blair restated an “outperform” rating on shares of FTI Consulting in a report on Tuesday. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

FTI Consulting 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.