First Trust Advisors LP cut its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,274 shares of the business services provider’s stock after selling 5,176 shares during the period. First Trust Advisors LP owned about 0.10% of FTI Consulting worth $1,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its position in FTI Consulting by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 17,087 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 98 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in FTI Consulting by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,771 shares of the business services provider’s stock valued at $608,000 after purchasing an additional 200 shares in the last quarter. Capstone Asset Management Co. lifted its position in FTI Consulting by 5.0% during the first quarter. Capstone Asset Management Co. now owns 5,676 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 270 shares in the last quarter. State Treasurer State of Michigan lifted its position in FTI Consulting by 1.8% during the second quarter. State Treasurer State of Michigan now owns 17,000 shares of the business services provider’s stock valued at $594,000 after purchasing an additional 300 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in FTI Consulting by 1.8% during the second quarter. Arizona State Retirement System now owns 17,400 shares of the business services provider’s stock valued at $608,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 92.31% of the company’s stock.

FTI Consulting, Inc. (NYSE FCN) opened at 34.53 on Friday. The company’s 50-day moving average price is $33.20 and its 200 day moving average price is $35.97. The stock has a market capitalization of $1.37 billion, a P/E ratio of 37.78 and a beta of 0.28. FTI Consulting, Inc. has a 52-week low of $31.65 and a 52-week high of $47.12.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $447.70 million for the quarter, compared to analyst estimates of $455.55 million. FTI Consulting had a return on equity of 5.18% and a net margin of 2.13%. FTI Consulting’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities research analysts predict that FTI Consulting, Inc. will post $1.87 earnings per share for the current fiscal year.

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Several research firms recently weighed in on FCN. BidaskClub upgraded FTI Consulting from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research downgraded FTI Consulting from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $43.00.

FTI Consulting Profile

FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.

Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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