Nationwide Fund Advisors raised its stake in FTI Consulting Inc. (NYSE:FCN) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 106,918 shares of the company’s stock after buying an additional 2,534 shares during the period. Nationwide Fund Advisors owned 0.26% of FTI Consulting worth $4,349,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of FCN. Wellington Management Group LLP boosted its position in FTI Consulting by 20.6% in the first quarter. Wellington Management Group LLP now owns 3,057,908 shares of the company’s stock valued at $108,585,000 after buying an additional 521,317 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in FTI Consulting by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,224,322 shares of the company’s stock valued at $43,476,000 after buying an additional 22,024 shares during the last quarter. State Street Corp boosted its position in FTI Consulting by 1.0% in the first quarter. State Street Corp now owns 1,258,846 shares of the company’s stock valued at $44,705,000 after buying an additional 11,972 shares during the last quarter. William Blair Investment Management LLC boosted its position in FTI Consulting by 6.4% in the second quarter. William Blair Investment Management LLC now owns 371,211 shares of the company’s stock valued at $15,101,000 after buying an additional 22,179 shares during the last quarter. Finally, Credit Agricole S A acquired a new position in FTI Consulting during the first quarter valued at approximately $123,000. Institutional investors and hedge funds own 93.54% of the company’s stock.
FTI Consulting Inc. (NYSE:FCN) traded down 0.67% on Monday, reaching $44.26. The company’s stock had a trading volume of 22,807 shares. FTI Consulting Inc. has a one year low of $29.91 and a one year high of $45.98. The company has a market capitalization of $1.81 billion, a PE ratio of 23.83 and a beta of 0.29. The firm has a 50-day moving average of $43.60 and a 200-day moving average of $40.79.
FCN has been the subject of several recent analyst reports. Zacks Investment Research cut FTI Consulting from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. Deutsche Bank AG assumed coverage on FTI Consulting in a research report on Wednesday, August 17th. They set a “hold” rating and a $44.00 price target for the company.
In other news, insider Holly Paul sold 598 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $43.42, for a total transaction of $25,965.16. Following the completion of the transaction, the insider now owns 5,449 shares in the company, valued at $236,595.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.03% of the company’s stock.
FTI Consulting Company Profile
FTI Consulting, Inc (FTI Consulting) is a business advisory firm. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Its Corporate Finance & Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world.
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