Van ECK Associates Corp Buys 8,487 Shares of FTI Consulting, Inc. (NYSE:FCN)

Van ECK Associates Corp raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 38.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,737 shares of the business services provider’s stock after acquiring an additional 8,487 shares during the quarter. Van ECK Associates Corp owned approximately 0.09% of FTI Consulting worth $5,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Prospera Private Wealth LLC purchased a new stake in FTI Consulting in the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FTI Consulting in the 3rd quarter worth about $35,000. Quarry LP grew its holdings in FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. True Wealth Design LLC bought a new position in FTI Consulting during the 3rd quarter valued at about $38,000. Finally, UMB Bank n.a. grew its holdings in FTI Consulting by 59.6% during the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

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

Shares of FCN stock opened at $187.32 on Tuesday. The company’s 50-day simple moving average is $193.86 and its two-hundred day simple moving average is $207.80. FTI Consulting, Inc. has a one year low of $187.21 and a one year high of $243.60. The company has a market capitalization of $6.73 billion, a P/E ratio of 21.53 and a beta of 0.15.

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.