Amalgamated Bank Trims Stake in FTI Consulting, Inc. (NYSE:FCN)

Amalgamated Bank cut its stake in FTI Consulting, Inc. (NYSE:FCN) by 7.0% in the second quarter, HoldingsChannel reports. The fund owned 17,700 shares of the business services provider’s stock after selling 1,326 shares during the period. Amalgamated Bank’s holdings in FTI Consulting were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Mawer Investment Management Ltd. lifted its stake in shares of FTI Consulting by 4.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock valued at $801,247,000 after purchasing an additional 149,722 shares during the period. Vanguard Group Inc. increased its holdings in FTI Consulting by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock valued at $704,112,000 after buying an additional 157,206 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of FTI Consulting by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider’s stock worth $249,714,000 after acquiring an additional 35,599 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of FTI Consulting by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after acquiring an additional 39,271 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its position in shares of FTI Consulting by 6.6% during the 4th quarter. Stephens Investment Management Group LLC now owns 375,182 shares of the business services provider’s stock valued at $74,717,000 after acquiring an additional 23,066 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

NYSE:FCN opened at $227.10 on Monday. FTI Consulting, Inc. has a one year low of $175.03 and a one year high of $243.60. The stock has a market cap of $8.11 billion, a PE ratio of 26.41 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a 50 day moving average price of $222.93 and a 200 day moving average price of $216.34.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) 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 firm had revenue of $949.16 million during the quarter, compared to the consensus estimate of $938.67 million. During the same period last year, the company earned $1.75 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that FTI Consulting, Inc. will post 8.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the transaction, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.51% of the stock is owned by corporate insiders.

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.