Norden Group LLC Acquires Shares of 11,046 FTI Consulting, Inc. (NYSE:FCN)

Norden Group LLC bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN) during the first quarter, Holdings Channel.com reports. The fund bought 11,046 shares of the business services provider’s stock, valued at approximately $2,323,000.

Several other institutional investors and hedge funds have also made changes to their positions in FCN. American Century Companies Inc. grew its stake in FTI Consulting by 6,793.8% during 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 last quarter. Victory Capital Management Inc. grew its position in shares of FTI Consulting by 9.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider’s stock worth $396,307,000 after acquiring an additional 168,100 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of FTI Consulting by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock valued at $704,112,000 after acquiring an additional 157,206 shares during the period. Ameriprise Financial Inc. raised its position in 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 last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in FTI Consulting during the 1st quarter worth $22,540,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FTI Consulting

In related news, insider Paul Alderman Linton sold 16,552 shares of FTI Consulting stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total value of $3,588,142.56. Following the sale, the insider now directly owns 53,416 shares in the company, valued at $11,579,520.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other FTI Consulting news, CEO Steven Henry Gunby sold 28,440 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $218.61, for a total value of $6,217,268.40. Following the completion of the transaction, the chief executive officer now directly owns 287,184 shares of the company’s stock, valued at $62,781,294.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul Alderman Linton sold 16,552 shares of FTI Consulting stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total transaction of $3,588,142.56. Following the sale, the insider now owns 53,416 shares of the company’s stock, valued at $11,579,520.48. The disclosure for this sale can be found here. In the last three months, insiders sold 51,088 shares of company stock valued at $11,163,977. Corporate insiders own 2.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. William Blair restated an “outperform” rating on shares of FTI Consulting in a research note on Tuesday, June 25th. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

FTI Consulting Stock Performance

Shares of FCN opened at $217.77 on Friday. The stock has a market capitalization of $7.77 billion, a P/E ratio of 25.32 and a beta of 0.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46. FTI Consulting, Inc. has a 1 year low of $171.81 and a 1 year high of $232.15. The company’s fifty day moving average is $216.08 and its two-hundred day moving average is $207.13.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47. The business had revenue of $928.60 million for the quarter, compared to analyst estimates of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 earnings per share. On average, sell-side analysts predict that FTI Consulting, Inc. will post 8.22 earnings per share for the current year.

FTI Consulting Company Profile

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.