Public Employees Retirement System of Ohio lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 8.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,165 shares of the business services provider’s stock after selling 372 shares during the period. Public Employees Retirement System of Ohio’s holdings in FTI Consulting were worth $171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in shares of FTI Consulting by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 68,215 shares of the business services provider’s stock worth $3,075,000 after buying an additional 1,135 shares during the period. Capstone Asset Management Co. raised its stake in shares of FTI Consulting by 5.0% in the first quarter. Capstone Asset Management Co. now owns 5,676 shares of the business services provider’s stock worth $234,000 after buying an additional 270 shares during the period. Alpha Windward LLC raised its stake in shares of FTI Consulting by 7.2% in the first quarter. Alpha Windward LLC now owns 11,580 shares of the business services provider’s stock worth $477,000 after buying an additional 780 shares during the period. LGT Capital Partners LTD. raised its stake in shares of FTI Consulting by 8.3% in the first quarter. LGT Capital Partners LTD. now owns 65,000 shares of the business services provider’s stock worth $2,676,000 after buying an additional 5,000 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of FTI Consulting during the first quarter worth approximately $293,000. 96.09% of the stock is currently owned by institutional investors.

Shares of FTI Consulting, Inc. (NYSE FCN) traded up 0.70% during mid-day trading on Friday, hitting $33.22. The company’s stock had a trading volume of 145,089 shares. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 36.35 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. The stock’s 50 day moving average price is $33.50 and its 200 day moving average price is $37.49.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.13. The firm had revenue of $447.70 million during the quarter, compared to analysts’ expectations of $455.55 million. FTI Consulting had a return on equity of 5.18% and a net margin of 2.13%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. Equities analysts forecast that FTI Consulting, Inc. will post $1.87 EPS for the current year.

FTI Consulting declared that its board has initiated a share buyback program on Friday, May 19th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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A number of analysts recently commented on FCN shares. Zacks Investment Research lowered FTI Consulting from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BidaskClub lowered FTI Consulting from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Deutsche Bank AG lowered their target price on FTI Consulting from $47.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. FTI Consulting presently has an average rating of “Hold” and a consensus target price of $43.00.

About FTI Consulting

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.

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

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