Victory Capital Management Inc. cut its holdings in FTI Consulting, Inc. (NYSE:FCN) by 38.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 627,681 shares of the business services provider’s stock after selling 392,386 shares during the quarter. Victory Capital Management Inc.’s holdings in FTI Consulting were worth $45,940,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Financial Enhancement Group LLC acquired a new stake in shares of FTI Consulting in the second quarter valued at $104,000. Tower Research Capital LLC TRC acquired a new stake in shares of FTI Consulting in the second quarter valued at $140,000. Cornerstone Wealth Management LLC acquired a new stake in shares of FTI Consulting in the second quarter valued at $182,000. Itau Unibanco Holding S.A. acquired a new stake in shares of FTI Consulting in the second quarter valued at $183,000. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of FTI Consulting in the second quarter valued at $208,000. Institutional investors own 95.07% of the company’s stock.
Shares of FCN stock opened at $68.95 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $2.61 billion, a P/E ratio of 29.72 and a beta of 0.06. FTI Consulting, Inc. has a 12 month low of $39.57 and a 12 month high of $81.91.
A number of analysts recently commented on FCN shares. Zacks Investment Research upgraded FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $87.00 price objective for the company in a research report on Tuesday, July 31st. ValuEngine lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st.
In related news, Director Brenda J. Bacon sold 1,100 shares of FTI Consulting stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $68.02, for a total value of $74,822.00. Following the completion of the sale, the director now directly owns 40,955 shares in the company, valued at $2,785,759.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Matthew Pachman sold 1,500 shares of FTI Consulting stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $73.14, for a total value of $109,710.00. Following the completion of the sale, the vice president now owns 1,686 shares of the company’s stock, valued at $123,314.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,382 shares of company stock valued at $2,858,955. Corporate insiders own 2.19% of the company’s stock.
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.
See Also: How to Invest in Marijuana Stocks
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).
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.