Whittier Trust Co. raised its position in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) by 12.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,280 shares of the business services provider’s stock after buying an additional 137 shares during the period. Whittier Trust Co.’s holdings in FTI Consulting were worth $276,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Callan Family Office LLC acquired a new position in FTI Consulting in the 2nd quarter valued at about $291,000. Bank of New York Mellon Corp grew its holdings in shares of FTI Consulting by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 299,670 shares of the business services provider’s stock valued at $64,588,000 after purchasing an additional 2,094 shares in the last quarter. &PARTNERS purchased a new stake in FTI Consulting during the 2nd quarter worth approximately $411,000. Laurus Investment Counsel Inc. lifted its holdings in FTI Consulting by 61.5% during the 2nd quarter. Laurus Investment Counsel Inc. now owns 13,660 shares of the business services provider’s stock worth $2,944,000 after buying an additional 5,200 shares in the last quarter. Finally, American National Bank purchased a new position in FTI Consulting in the 2nd quarter valued at approximately $59,000. 99.36% of the stock is owned by institutional investors and hedge funds.
FTI Consulting Price Performance
Shares of NYSE FCN opened at $224.62 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $8.02 billion, a PE ratio of 26.12 and a beta of 0.09. The stock has a fifty day moving average price of $220.54 and a 200 day moving average price of $213.91. FTI Consulting, Inc. has a 1-year low of $174.75 and a 1-year high of $243.60.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on FCN. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. William Blair restated an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th.
View Our Latest Stock Analysis on FCN
Insider Activity
In other news, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now owns 26,099 shares in the company, valued at $5,927,604.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.51% of the company’s stock.
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.
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