Prudential Financial Inc. Has $2.35 Million Holdings in FTI Consulting, Inc. (FCN)

Prudential Financial Inc. lessened its stake in FTI Consulting, Inc. (NYSE:FCN) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,312 shares of the business services provider’s stock after selling 4,585 shares during the period. Prudential Financial Inc. owned about 0.17% of FTI Consulting worth $2,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its position in shares of FTI Consulting by 81.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,898 shares of the business services provider’s stock valued at $101,000 after buying an additional 1,298 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of FTI Consulting by 17.4% in the 2nd quarter. LS Investment Advisors LLC now owns 3,307 shares of the business services provider’s stock valued at $116,000 after buying an additional 491 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of FTI Consulting by 12.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,698 shares of the business services provider’s stock valued at $164,000 after buying an additional 533 shares during the last quarter. Amalgamated Bank grew its position in shares of FTI Consulting by 0.6% in the 2nd quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock valued at $205,000 after buying an additional 37 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of FTI Consulting by 4.9% during the 2nd quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Shares of FTI Consulting, Inc. (NYSE FCN) traded up $1.45 during trading on Tuesday, hitting $44.11. The company had a trading volume of 462,600 shares, compared to its average volume of 351,377. FTI Consulting, Inc. has a 52 week low of $31.65 and a 52 week 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. The company has a market cap of $1,619.23, a price-to-earnings ratio of 23.57 and a beta of 0.33.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.59 by $0.24. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The company had revenue of $448.96 million for the quarter, compared to analyst estimates of $446.63 million. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. analysts predict that FTI Consulting, Inc. will post 2.06 earnings per share for the current fiscal year.

Several equities research analysts recently commented on FCN shares. TheStreet upgraded FTI Consulting from a “c” rating to a “b” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research report on Monday, October 30th. Finally, BidaskClub upgraded FTI Consulting from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. One 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 currently has a consensus rating of “Hold” and an average target price of $44.33.

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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.

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

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