FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Algert Global LLC

Algert Global LLC lowered its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 29.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,439 shares of the business services provider’s stock after selling 14,184 shares during the period. Algert Global LLC’s holdings in FTI Consulting were worth $7,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FCN. Signaturefd LLC raised its position in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of FTI Consulting by 494.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock worth $46,000 after buying an additional 183 shares in the last quarter. Covestor Ltd grew its holdings in shares of FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after buying an additional 94 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after buying an additional 190 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of FTI Consulting by 284.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Price Performance

FTI Consulting stock opened at $225.30 on Friday. FTI Consulting, Inc. has a 1 year low of $177.00 and a 1 year high of $243.60. The firm has a 50 day moving average price of $223.01 and a 200 day moving average price of $217.04. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 26.20 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.

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Finally, William Blair reiterated an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th.

FTI Consulting 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.