Northwestern Mutual Investment Management Company LLC increased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,155 shares of the business services provider’s stock after acquiring an additional 56 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in FTI Consulting were worth $291,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in FCN. BlackRock Inc. increased its holdings in shares of FTI Consulting by 16,640.5% in the 1st quarter. BlackRock Inc. now owns 4,414,475 shares of the business services provider’s stock valued at $181,743,000 after acquiring an additional 4,388,105 shares during the period. Black Creek Investment Management Inc. increased its holdings in shares of FTI Consulting by 14.4% in the 1st quarter. Black Creek Investment Management Inc. now owns 3,773,215 shares of the business services provider’s stock valued at $155,343,000 after acquiring an additional 475,008 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of FTI Consulting in the 1st quarter valued at $17,266,000. Marshall Wace North America L.P. acquired a new position in shares of FTI Consulting in the 1st quarter valued at $17,266,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of FTI Consulting by 75.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 535,634 shares of the business services provider’s stock valued at $18,726,000 after acquiring an additional 230,549 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities analysts have recently commented on the stock. BidaskClub raised shares of FTI Consulting from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research cut shares of FTI Consulting from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $43.00.
FTI Consulting, Inc. (NYSE FCN) opened at 35.29 on Tuesday. The firm has a market capitalization of $1.40 billion, a PE ratio of 38.61 and a beta of 0.28. The firm has a 50-day moving average of $33.26 and a 200 day moving average of $35.85. 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 data on Thursday, July 27th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.13). The firm had revenue of $447.70 million for the quarter, compared to the consensus estimate of $455.55 million. FTI Consulting had a return on equity of 5.18% and a net margin of 2.13%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. Analysts predict that FTI Consulting, Inc. will post $1.87 earnings per share for the current year.
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.
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