Rhumbline Advisers Grows Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Rhumbline Advisers grew its holdings in FTI Consulting, Inc. (NYSE:FCN) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,852 shares of the business services provider’s stock after purchasing an additional 3,609 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of FTI Consulting worth $19,467,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Asset Management One Co. Ltd. raised its stake in shares of FTI Consulting by 206.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 16,807 shares of the business services provider’s stock worth $3,233,000 after acquiring an additional 11,314 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of FTI Consulting by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 30,737 shares of the business services provider’s stock worth $5,875,000 after acquiring an additional 8,487 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of FTI Consulting by 1,215.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider’s stock worth $9,291,000 after acquiring an additional 45,224 shares in the last quarter. Entropy Technologies LP raised its stake in shares of FTI Consulting by 44.7% during the 4th quarter. Entropy Technologies LP now owns 3,544 shares of the business services provider’s stock worth $677,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Lecap Asset Management Ltd. raised its stake in shares of FTI Consulting by 201.5% during the 4th quarter. Lecap Asset Management Ltd. now owns 4,947 shares of the business services provider’s stock worth $946,000 after acquiring an additional 3,306 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Price Performance

FCN stock opened at $162.72 on Friday. The firm’s fifty day simple moving average is $192.68 and its 200-day simple moving average is $207.13. The company has a market capitalization of $5.85 billion, a P/E ratio of 18.70 and a beta of 0.15. FTI Consulting, Inc. has a 12 month low of $161.57 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

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.