California State Teachers Retirement System reduced its holdings in FTI Consulting, Inc. (NYSE:FCN) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,979 shares of the business services provider’s stock after selling 8,775 shares during the quarter. California State Teachers Retirement System owned about 0.18% of FTI Consulting worth $2,551,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Amalgamated Bank increased its holdings in FTI Consulting by 0.6% in the second quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock worth $205,000 after purchasing an additional 37 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in FTI Consulting by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,155 shares of the business services provider’s stock worth $291,000 after purchasing an additional 56 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 98 shares in the last quarter. Comerica Bank increased its holdings in shares of FTI Consulting by 0.8% during the second quarter. Comerica Bank now owns 32,062 shares of the business services provider’s stock valued at $1,061,000 after acquiring an additional 270 shares in the last quarter. Finally, Capstone Asset Management Co. increased its holdings in shares of FTI Consulting by 4.9% during the second quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 95.88% of the company’s stock.

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Several research firms have recently commented on FCN. Zacks Investment Research downgraded FTI Consulting from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BidaskClub downgraded FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, TheStreet upgraded FTI Consulting from a “c” rating to a “b” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the stock. FTI Consulting has a consensus rating of “Hold” and an average target price of $44.33.

Shares of FTI Consulting, Inc. (FCN) opened at $42.20 on Friday. The company has a market capitalization of $1,601.79, a P/E ratio of 23.31 and a beta of 0.31. FTI Consulting, Inc. has a 1-year low of $31.65 and a 1-year high of $47.12. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.24. The firm had revenue of $448.96 million during the quarter, compared to the consensus estimate of $446.63 million. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. sell-side analysts expect that FTI Consulting, Inc. will post 2.06 EPS for the current year.

FTI Consulting Company 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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