Van ECK Associates Corp Buys 2,324 Shares of FTI Consulting, Inc. (NYSE:FCN)

Van ECK Associates Corp raised its holdings in FTI Consulting, Inc. (NYSE:FCN) by 35.5% in the fourth quarter, Holdings Channel reports. The firm owned 8,868 shares of the business services provider’s stock after purchasing an additional 2,324 shares during the period. Van ECK Associates Corp’s holdings in FTI Consulting were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in FTI Consulting by 59.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,821,893 shares of the business services provider’s stock worth $325,044,000 after purchasing an additional 676,599 shares in the last quarter. American Century Companies Inc. lifted its holdings in FTI Consulting by 6,793.8% in the 3rd quarter. American Century Companies Inc. now owns 192,407 shares of the business services provider’s stock worth $34,327,000 after buying an additional 189,616 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of FTI Consulting by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock valued at $108,257,000 after purchasing an additional 128,095 shares during the period. Van Berkom & Associates Inc. raised its stake in FTI Consulting by 39.8% during the third quarter. Van Berkom & Associates Inc. now owns 389,062 shares of the business services provider’s stock valued at $69,413,000 after buying an additional 110,845 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in FTI Consulting by 32.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 398,132 shares of the business services provider’s stock valued at $71,031,000 after buying an additional 98,614 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

NYSE:FCN opened at $219.24 on Thursday. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 25.49 and a beta of 0.10. FTI Consulting, Inc. has a 1 year low of $171.81 and a 1 year high of $232.15. The business has a 50 day simple moving average of $208.98 and a 200-day simple moving average of $207.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 2.46.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. During the same period last year, the company earned $1.34 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities analysts forecast that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. William Blair reissued an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 26th. Finally, Truist Financial increased their price target on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

Insider Transactions at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of FTI Consulting stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the acquisition, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other FTI Consulting news, Director Gerard E. Holthaus sold 1,492 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $221.14, for a total transaction of $329,940.88. Following the transaction, the director now directly owns 67,314 shares in the company, valued at approximately $14,885,817.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the acquisition, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 54,759 shares of company stock worth $11,535,597. 2.51% of the stock is currently owned by company insiders.

About FTI Consulting

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.