Axa Acquires 1,200 Shares of FTI Consulting, Inc. (FCN)

Axa boosted its stake in FTI Consulting, Inc. (NYSE:FCN) by 7.5% during the first quarter, Holdings Channel reports. The institutional investor owned 17,300 shares of the business services provider’s stock after buying an additional 1,200 shares during the period. Axa’s holdings in FTI Consulting were worth $712,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in FTI Consulting during the fourth quarter valued at about $1,054,000. Comerica Bank boosted its stake in FTI Consulting by 6.5% in the fourth quarter. Comerica Bank now owns 31,105 shares of the business services provider’s stock valued at $1,333,000 after buying an additional 1,885 shares in the last quarter. State Street Corp boosted its stake in FTI Consulting by 1.8% in the fourth quarter. State Street Corp now owns 1,282,536 shares of the business services provider’s stock valued at $57,822,000 after buying an additional 22,734 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in FTI Consulting by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,274 shares of the business services provider’s stock valued at $283,000 after buying an additional 35 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in FTI Consulting by 2.1% in the fourth quarter. Systematic Financial Management LP now owns 127,097 shares of the business services provider’s stock valued at $5,730,000 after buying an additional 2,659 shares in the last quarter. 97.27% of the stock is currently owned by institutional investors.

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

Shares of FTI Consulting, Inc. (NYSE FCN) traded down 0.96% on Tuesday, hitting $34.20. 9,231 shares of the stock traded hands. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 20.54 and a beta of 0.23. The company’s 50 day moving average is $34.71 and its 200 day moving average is $40.17. FTI Consulting, Inc. has a one year low of $33.74 and a one year high of $47.12.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.26. FTI Consulting had a return on equity of 6.06% and a net margin of 3.88%. The business had revenue of $446.30 million for the quarter, compared to analyst estimates of $461.08 million. During the same quarter last year, the firm earned $0.83 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities analysts forecast that FTI Consulting, Inc. will post $1.92 EPS for the current year.

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Several equities research analysts have issued reports on FCN shares. Zacks Investment Research raised shares of FTI Consulting from a “sell” rating to a “hold” rating in a research note on Friday, March 3rd. Deutsche Bank AG cut their price objective on shares of FTI Consulting from $47.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $45.00.

In other FTI Consulting news, CEO Steven Henry Gunby purchased 30,000 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was bought at an average cost of $34.51 per share, for a total transaction of $1,035,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 166,043 shares in the company, valued at $5,730,143.93. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.03% of the stock is owned by insiders.

About FTI Consulting

FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.

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).

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