FTI Consulting, Inc. (FCN) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 896.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,405 shares of the business services provider’s stock after buying an additional 221,682 shares during the quarter. Great West Life Assurance Co. Can owned about 0.65% of FTI Consulting worth $8,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Amalgamated Bank grew its holdings in FTI Consulting by 0.6% during the 2nd quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock valued at $205,000 after buying an additional 37 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in FTI Consulting by 0.8% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,155 shares of the business services provider’s stock valued at $291,000 after buying an additional 56 shares in the last quarter. Comerica Bank grew its holdings in FTI Consulting by 0.8% during the 2nd quarter. Comerica Bank now owns 32,062 shares of the business services provider’s stock valued at $1,061,000 after buying an additional 270 shares in the last quarter. Capstone Asset Management Co. grew its holdings in FTI Consulting by 4.9% during the 2nd quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock valued at $208,000 after buying an additional 280 shares in the last quarter. Finally, State Treasurer State of Michigan grew its holdings in FTI Consulting by 1.8% during the 2nd quarter. State Treasurer State of Michigan now owns 17,000 shares of the business services provider’s stock valued at $594,000 after buying an additional 300 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

FTI Consulting, Inc. (FCN) traded up $0.29 during mid-day trading on Wednesday, hitting $44.40. 451,500 shares of the company were exchanged, compared to its average volume of 351,805. FTI Consulting, Inc. has a 1 year low of $31.65 and a 1 year high of $47.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market capitalization of $1,674.27, a price-to-earnings ratio of 24.37 and a beta of 0.33.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.24. FTI Consulting had a net margin of 2.70% and a return on equity of 6.12%. The firm had revenue of $448.96 million during the quarter, compared to analyst estimates of $446.63 million. During the same period last year, the firm posted $0.52 earnings per share. FTI Consulting’s revenue for the quarter was up 2.5% compared to the same quarter last year. research analysts anticipate that FTI Consulting, Inc. will post 2.06 EPS for the current fiscal year.

FTI Consulting declared that its board has authorized a share repurchase plan on Monday, December 4th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

A number of research firms recently weighed in on FCN. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a report on Monday, October 30th. TheStreet raised shares of FTI Consulting from a “c” rating to a “b” rating in a report on Thursday, October 26th. Finally, BidaskClub raised shares of FTI Consulting from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $44.33.

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FTI Consulting Profile

FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.

Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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