Pier Capital LLC Grows Position in FTI Consulting, Inc. (NYSE:FCN)

Pier Capital LLC grew its stake in shares of FTI Consulting, Inc. (NYSE:FCNFree Report) by 49.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,420 shares of the business services provider’s stock after purchasing an additional 13,294 shares during the quarter. FTI Consulting makes up approximately 1.3% of Pier Capital LLC’s portfolio, making the stock its 22nd biggest position. Pier Capital LLC’s holdings in FTI Consulting were worth $8,712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Van Berkom & Associates Inc. lifted its stake in FTI Consulting by 2.1% in the second quarter. Van Berkom & Associates Inc. now owns 347,393 shares of the business services provider’s stock worth $74,874,000 after acquiring an additional 7,175 shares during the period. Choreo LLC purchased a new stake in FTI Consulting in the second quarter worth $226,000. Quest Partners LLC lifted its stake in FTI Consulting by 1,896.7% in the second quarter. Quest Partners LLC now owns 1,218 shares of the business services provider’s stock worth $263,000 after acquiring an additional 1,157 shares during the period. Los Angeles Capital Management LLC lifted its stake in FTI Consulting by 13.5% in the second quarter. Los Angeles Capital Management LLC now owns 121,658 shares of the business services provider’s stock worth $26,221,000 after acquiring an additional 14,472 shares during the period. Finally, Arizona State Retirement System lifted its stake in FTI Consulting by 2.2% in the second quarter. Arizona State Retirement System now owns 9,977 shares of the business services provider’s stock worth $2,150,000 after acquiring an additional 218 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the transaction, 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 is accessible through this link. Insiders own 2.51% of the company’s stock.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $219.12 on Wednesday. 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 $7.87 billion, a P/E ratio of 25.48 and a beta of 0.10. The business has a fifty day simple moving average of $221.86 and a two-hundred day simple moving average of $215.62. FTI Consulting, Inc. has a 12 month low of $174.75 and a 12 month high of $243.60.

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

Analyst Ratings Changes

FCN has been the subject of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Tuesday, June 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th.

Check Out Our Latest Report on FTI Consulting

About FTI Consulting

(Free Report)

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.

Further Reading

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

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