FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,190 shares of the business services provider’s stock after purchasing an additional 589 shares during the period. Rhumbline Advisers owned about 0.31% of FTI Consulting worth $20,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arlington Partners LLC acquired a new position in FTI Consulting during the first quarter valued at $31,000. Clearstead Advisors LLC acquired a new position in FTI Consulting during the third quarter valued at $46,000. Fifth Third Bancorp lifted its position in FTI Consulting by 84.3% during the first quarter. Fifth Third Bancorp now owns 282 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 129 shares during the period. Signaturefd LLC lifted its position in FTI Consulting by 35.8% during the first quarter. Signaturefd LLC now owns 288 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 76 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in FTI Consulting by 43.0% during the fourth quarter. Quadrant Capital Group LLC now owns 376 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 113 shares during the period.

Insider Transactions at FTI Consulting

In other news, Director Brenda J. Bacon sold 3,991 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $191.45, for a total transaction of $764,076.95. Following the completion of the sale, the director now owns 14,172 shares of the company’s stock, valued at $2,713,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark S. Bartlett sold 3,340 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $188.97, for a total transaction of $631,159.80. Following the completion of the sale, the director now owns 31,882 shares of the company’s stock, valued at approximately $6,024,741.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brenda J. Bacon sold 3,991 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $191.45, for a total transaction of $764,076.95. Following the sale, the director now directly owns 14,172 shares of the company’s stock, valued at approximately $2,713,229.40. The disclosure for this sale can be found here. Insiders sold 85,969 shares of company stock valued at $15,723,656 over the last 90 days. Corporate insiders own 3.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of FTI Consulting in a research report on Thursday, August 17th. They set a “hold” rating for the company.

FTI Consulting Trading Up 1.5 %

Shares of FTI Consulting stock opened at $190.63 on Wednesday. The firm has a 50-day simple moving average of $189.37 and a two-hundred day simple moving average of $187.74. The company has a market cap of $6.48 billion, a P/E ratio of 28.58 and a beta of 0.21. FTI Consulting, Inc. has a fifty-two week low of $140.09 and a fifty-two week high of $205.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.30 and a current ratio of 2.30.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.19. The business had revenue of $864.59 million during the quarter, compared to the consensus estimate of $821.85 million. FTI Consulting had a net margin of 7.29% and a return on equity of 14.12%. As a group, equities analysts predict that FTI Consulting, Inc. will post 6.74 earnings per share for the current fiscal year.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.