Quest Partners LLC lifted its stake in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) by 1,896.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,218 shares of the business services provider’s stock after buying an additional 1,157 shares during the quarter. Quest Partners LLC’s holdings in FTI Consulting were worth $263,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its position in shares of FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after buying an additional 81 shares during the last quarter. Covestor Ltd lifted its position in shares of FTI Consulting by 76.4% during the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after buying an additional 94 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of FTI Consulting by 494.6% during the 1st 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 during the last quarter. Versant Capital Management Inc lifted its position in shares of FTI Consulting by 593.8% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after buying an additional 190 shares during the last quarter. Finally, American National Bank purchased a new stake in shares of FTI Consulting during the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.
FTI Consulting Stock Performance
Shares of FTI Consulting stock opened at $221.95 on Friday. The firm’s fifty day simple moving average is $222.10 and its 200-day simple moving average is $215.70. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 25.81 and a beta of 0.10. FTI Consulting, Inc. has a 12 month low of $175.03 and a 12 month high of $243.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20.
Insider Buying and Selling
In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the sale, the director now owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.51% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently commented on FCN. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.
Check Out Our Latest Stock Report on FCN
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.
See Also
- Five stocks we like better than FTI Consulting
- The Most Important Warren Buffett Stock for Investors: His Own
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- Where to Find Earnings Call Transcripts
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- Financial Services Stocks Investing
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.