Guggenheim Capital LLC Sells 292 Shares of FTI Consulting, Inc. (NYSE:FCN)

Guggenheim Capital LLC decreased its holdings in FTI Consulting, Inc. (NYSE:FCN – Get Rating) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,685 shares of the business services provider’s stock after selling 292 shares during the period. Guggenheim Capital LLC’s holdings in FTI Consulting were worth $445,000 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. Ronald Blue Trust Inc. bought a new position in shares of FTI Consulting in the second quarter worth about $26,000. Bessemer Group Inc. boosted its stake in FTI Consulting by 653.6% during the third quarter. Bessemer Group Inc. now owns 211 shares of the business services provider’s stock valued at $35,000 after buying an additional 183 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in FTI Consulting by 103.5% during the third quarter. Parkside Financial Bank & Trust now owns 230 shares of the business services provider’s stock valued at $38,000 after buying an additional 117 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in FTI Consulting by 42.9% during the third quarter. Quadrant Capital Group LLC now owns 263 shares of the business services provider’s stock valued at $44,000 after buying an additional 79 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in FTI Consulting by 88.8% during the second quarter. Meeder Asset Management Inc. now owns 253 shares of the business services provider’s stock valued at $46,000 after buying an additional 119 shares during the last quarter.

Insider Transactions at FTI Consulting

In other news, General Counsel Curtis P. Lu sold 2,511 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $182.73, for a total value of $458,835.03. Following the sale, the general counsel now directly owns 28,884 shares in the company, valued at $5,277,973.32. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, General Counsel Curtis P. Lu sold 2,511 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $182.73, for a total value of $458,835.03. Following the transaction, the general counsel now owns 28,884 shares of the company’s stock, valued at $5,277,973.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven Henry Gunby sold 1,415 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $183.90, for a total value of $260,218.50. Following the completion of the transaction, the chief executive officer now directly owns 477,458 shares in the company, valued at approximately $87,804,526.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,930 shares of company stock worth $5,496,833. 3.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on FTI Consulting in a research note on Tuesday, January 10th. They set a “neutral” rating and a $167.00 price target for the company. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Friday.

FTI Consulting Trading Up 3.7 %

Shares of FCN stock opened at $186.58 on Friday. FTI Consulting, Inc. has a 1 year low of $140.09 and a 1 year high of $192.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.96. The stock’s 50 day simple moving average is $166.57 and its two-hundred day simple moving average is $165.26. The company has a market cap of $6.33 billion, a PE ratio of 28.40 and a beta of 0.27.

FTI Consulting (NYSE:FCN – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The business services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.19. FTI Consulting had a return on equity of 14.73% and a net margin of 7.78%. The firm had revenue of $774.43 million for the quarter, compared to the consensus estimate of $738.82 million. During the same period in the prior year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts predict that FTI Consulting, Inc. will post 7.39 earnings per share for the current year.

FTI Consulting Profile

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FTI Consulting, Inc engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.