Teton Advisors Inc. Reduces Position in FTI Consulting, Inc. (FCN)

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Teton Advisors Inc. cut its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 72.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,968 shares of the business services provider’s stock after selling 23,900 shares during the period. Teton Advisors Inc.’s holdings in FTI Consulting were worth $656,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bbva Compass Bancshares Inc. boosted its stake in FTI Consulting by 5.8% during the third quarter. Bbva Compass Bancshares Inc. now owns 15,837 shares of the business services provider’s stock valued at $1,159,000 after buying an additional 869 shares during the last quarter. Wells Fargo & Company MN boosted its stake in FTI Consulting by 137.6% during the third quarter. Wells Fargo & Company MN now owns 128,892 shares of the business services provider’s stock valued at $9,433,000 after buying an additional 74,650 shares during the last quarter. Comerica Bank boosted its stake in FTI Consulting by 22.3% during the third quarter. Comerica Bank now owns 48,803 shares of the business services provider’s stock valued at $3,382,000 after buying an additional 8,914 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in FTI Consulting by 32.2% during the third quarter. Chicago Equity Partners LLC now owns 107,650 shares of the business services provider’s stock valued at $7,879,000 after buying an additional 26,235 shares during the last quarter. Finally, Sterling Capital Management LLC bought a new position in FTI Consulting during the third quarter valued at approximately $1,443,000. 95.07% of the stock is owned by institutional investors.

NYSE:FCN opened at $67.45 on Wednesday. The company has a market capitalization of $2.58 billion, a PE ratio of 29.07 and a beta of 0.06. FTI Consulting, Inc. has a 1 year low of $39.57 and a 1 year high of $81.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.64.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.42. The business had revenue of $513.01 million during the quarter, compared to analyst estimates of $471.78 million. FTI Consulting had a return on equity of 11.91% and a net margin of 9.73%. Research analysts expect that FTI Consulting, Inc. will post 3.75 EPS for the current fiscal year.

In other news, General Counsel Curtis P. Lu sold 14,260 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $70.32, for a total value of $1,002,763.20. Following the sale, the general counsel now directly owns 21,573 shares in the company, valued at $1,517,013.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brenda J. Bacon sold 11,000 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $66.51, for a total value of $731,610.00. Following the completion of the sale, the director now owns 40,955 shares in the company, valued at $2,723,917.05. The disclosure for this sale can be found here. Insiders sold a total of 41,382 shares of company stock valued at $2,858,955 over the last ninety days. Corporate insiders own 2.19% of the company’s stock.

Several equities research analysts have recently issued reports on FCN shares. Zacks Investment Research lowered FTI Consulting from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Sidoti raised FTI Consulting from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, ValuEngine lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st.

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About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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

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