B. Riley Wealth Advisors Inc. reduced its position in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 52.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,135 shares of the business services provider’s stock after selling 1,234 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in FTI Consulting were worth $245,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of FCN. Signaturefd LLC increased its stake in shares of FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in 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 purchasing an additional 183 shares during the period. Covestor Ltd raised its stake 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 in the last quarter. Versant Capital Management Inc raised its stake 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of FTI Consulting by 284.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after buying an additional 179 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.
FTI Consulting Stock Performance
Shares of FCN stock opened at $222.47 on Wednesday. The stock has a fifty day moving average price of $222.76 and a 200 day moving average price of $218.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $7.94 billion, a PE ratio of 25.87 and a beta of 0.10. FTI Consulting, Inc. has a 1 year low of $181.25 and a 1 year high of $243.60.
Wall Street Analyst Weigh In
Several research firms have issued reports on FCN. Truist Financial increased their price objective on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Finally, William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th.
Check Out Our Latest Research Report on FTI Consulting
Insider Buying and Selling at FTI Consulting
In other news, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the transaction, the director now directly owns 26,099 shares of the company’s stock, valued at $5,927,604.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.51% of the company’s stock.
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.
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