Exchange Traded Concepts LLC Acquires 167 Shares of FTI Consulting, Inc. (NYSE:FCN)

Exchange Traded Concepts LLC lifted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,350 shares of the business services provider’s stock after acquiring an additional 167 shares during the period. Exchange Traded Concepts LLC’s holdings in FTI Consulting were worth $762,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FCN. UMB Bank n.a. boosted its stake in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after acquiring an additional 72 shares during the period. Signaturefd LLC lifted its position in shares of FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after buying an additional 81 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position 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 position in shares of FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after buying an additional 94 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of FTI Consulting by 593.8% in the second 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 in the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Down 0.6 %

Shares of FCN stock opened at $228.36 on Friday. FTI Consulting, Inc. has a 1 year low of $181.25 and a 1 year 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. The stock’s 50 day simple moving average is $223.88 and its two-hundred day simple moving average is $218.74. The company has a market cap of $8.15 billion, a PE ratio of 26.55 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.32. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The business had revenue of $949.16 million for the quarter, compared to the consensus estimate of $938.67 million. During the same period in the prior year, the business posted $1.75 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts predict that FTI Consulting, Inc. will post 8.48 earnings per share for the current year.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $227.12, for a total transaction of $454,240.00. Following the sale, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, Truist Financial boosted their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th.

About FTI Consulting

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.