Parametrica Management Ltd Acquires New Holdings in FTI Consulting, Inc. (FCN)

Share on StockTwits

Parametrica Management Ltd acquired a new stake in FTI Consulting, Inc. (NYSE:FCN) during the 1st quarter, HoldingsChannel reports. The firm acquired 4,386 shares of the business services provider’s stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCN. Norges Bank acquired a new position in FTI Consulting in the fourth quarter valued at approximately $57,466,000. Gotham Asset Management LLC raised its holdings in FTI Consulting by 201.0% in the fourth quarter. Gotham Asset Management LLC now owns 216,366 shares of the business services provider’s stock worth $14,419,000 after purchasing an additional 144,473 shares during the period. BlackRock Inc. raised its holdings in FTI Consulting by 2.4% in the fourth quarter. BlackRock Inc. now owns 5,678,229 shares of the business services provider’s stock worth $378,396,000 after purchasing an additional 131,504 shares during the period. APG Asset Management N.V. raised its holdings in FTI Consulting by 102.5% in the fourth quarter. APG Asset Management N.V. now owns 180,600 shares of the business services provider’s stock worth $10,528,000 after purchasing an additional 91,400 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in FTI Consulting by 304.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,056 shares of the business services provider’s stock worth $7,134,000 after purchasing an additional 80,595 shares during the period. Institutional investors and hedge funds own 98.15% of the company’s stock.

FCN opened at $82.10 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 20.53 and a beta of 0.29. FTI Consulting, Inc. has a twelve month low of $59.06 and a twelve month high of $86.47.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, April 25th. The business services provider reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.63. The company had revenue of $551.27 million for the quarter, compared to analyst estimates of $517.69 million. FTI Consulting had a net margin of 8.37% and a return on equity of 13.13%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. Research analysts predict that FTI Consulting, Inc. will post 4.24 earnings per share for the current year.

In other news, insider Holly Paul sold 9,574 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $84.41, for a total transaction of $808,141.34. Following the completion of the sale, the insider now owns 25,792 shares of the company’s stock, valued at $2,177,102.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.19% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on FCN shares. SunTrust Banks increased their target price on shares of FTI Consulting to $88.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Friday, January 18th. Finally, ValuEngine lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://weekherald.com/2019/05/17/parametrica-management-ltd-acquires-new-holdings-in-fti-consulting-inc-fcn.html.

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.

Further Reading: Support Level

Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN).

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

Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.