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.
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.
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
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