FTI Consulting, Inc. (FCN) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in FTI Consulting, Inc. (NYSE:FCN) by 44.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,483 shares of the business services provider’s stock after purchasing an additional 96,213 shares during the period. Ameriprise Financial Inc. owned approximately 0.83% of FTI Consulting worth $11,158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FCN. Riverhead Capital Management LLC boosted its position in FTI Consulting by 81.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,898 shares of the business services provider’s stock valued at $101,000 after buying an additional 1,298 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in FTI Consulting by 12.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,698 shares of the business services provider’s stock valued at $164,000 after buying an additional 533 shares during the last quarter. Amalgamated Bank boosted its position in FTI Consulting by 0.6% in 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 during the last quarter. Capstone Asset Management Co. boosted its position in FTI Consulting by 4.9% in 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 during the last quarter. Finally, TrimTabs Asset Management LLC boosted its position in FTI Consulting by 103.9% in the 2nd quarter. TrimTabs Asset Management LLC now owns 5,982 shares of the business services provider’s stock valued at $209,000 after buying an additional 3,048 shares during the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

FTI Consulting, Inc. (NYSE:FCN) traded up $0.93 during trading hours on Thursday, reaching $43.86. 198,945 shares of the company’s stock were exchanged, compared to its average volume of 278,839. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1,640.00, a PE ratio of 35.66 and a beta of 0.34. FTI Consulting, Inc. has a one year low of $31.65 and a one year high of $45.27.

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

FTI Consulting declared that its Board of Directors has approved a stock repurchase program on Monday, December 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

FCN has been the subject of a number of analyst reports. TheStreet raised shares of FTI Consulting from a “c” rating to a “b” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, January 2nd.

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FTI Consulting Company 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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