FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 31.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,892 shares of the business services provider’s stock after acquiring an additional 3,786 shares during the quarter. Van ECK Associates Corp’s holdings in FTI Consulting were worth $3,425,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its position in shares of FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of FTI Consulting by 494.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 183 shares during the period. Covestor Ltd boosted its position in shares of FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the period. Versant Capital Management Inc boosted its position in shares of FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 190 shares during the period. Finally, Quarry LP acquired a new stake in shares of FTI Consulting in the 4th quarter valued at about $56,000. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th.

Insider Transactions at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was 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 approximately $5,927,604.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.51% of the company’s stock.

FTI Consulting Stock Up 0.4 %

FTI Consulting stock opened at $223.35 on Thursday. FTI Consulting, Inc. has a twelve month low of $174.75 and a twelve month high of $243.60. The stock has a 50 day moving average of $221.61 and a two-hundred day moving average of $215.05. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 25.97 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The company had revenue of $949.16 million during the quarter, compared to analysts’ expectations of $938.67 million. During the same period last year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, research analysts expect that FTI Consulting, Inc. will post 8.48 earnings per share for the current year.

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.