FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC cut its position in FTI Consulting, Inc. (NYSE:FCN) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,271 shares of the business services provider’s stock after selling 183 shares during the period. Strata Wealth Advisors LLC’s holdings in FTI Consulting were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in FTI Consulting by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock worth $704,112,000 after buying an additional 157,206 shares during the last quarter. Mawer Investment Management Ltd. raised its position in FTI Consulting by 4.1% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock worth $801,247,000 after buying an additional 149,722 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of FTI Consulting in the 1st quarter worth $22,540,000. American Century Companies Inc. boosted its holdings in shares of FTI Consulting by 76.3% in the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after acquiring an additional 97,244 shares in the last quarter. Finally, Axiom Investors LLC DE increased its stake in shares of FTI Consulting by 35.3% during the fourth quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock worth $65,768,000 after acquiring an additional 86,140 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Up 0.1 %

Shares of FCN opened at $227.25 on Tuesday. FTI Consulting, Inc. has a twelve month low of $175.03 and a twelve month high of $243.60. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $8.11 billion, a P/E ratio of 26.42 and a beta of 0.10. The firm’s 50-day moving average is $223.03 and its two-hundred day moving average is $216.49.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.32. The firm had revenue of $949.16 million during the quarter, compared to the consensus estimate of $938.67 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. FTI Consulting’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. On average, research analysts predict that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FCN. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th.

Insider Buying and Selling at FTI Consulting

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