Wells Fargo & Company MN lifted its position in FTI Consulting, Inc. (NYSE:FCN) by 50.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 50,467 shares of the business services provider’s stock after acquiring an additional 16,860 shares during the period. Wells Fargo & Company MN’s holdings in FTI Consulting were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FCN. Riverhead Capital Management LLC grew its position in shares of FTI Consulting by 81.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,898 shares of the business services provider’s stock worth $101,000 after acquiring an additional 1,298 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of FTI Consulting by 12.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,698 shares of the business services provider’s stock worth $164,000 after acquiring an additional 533 shares in the last quarter. Amalgamated Bank grew its position in shares of FTI Consulting by 0.6% in the 2nd quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock worth $205,000 after acquiring an additional 37 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of FTI Consulting in the 2nd quarter worth approximately $214,000. Finally, Laurion Capital Management LP acquired a new position in shares of FTI Consulting in the 2nd quarter worth approximately $227,000. Institutional investors own 97.19% of the company’s stock.

Several brokerages have recently commented on FCN. Zacks Investment Research lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet upgraded FTI Consulting from a “c” rating to a “b” rating in a research report on Thursday, October 26th.

FTI Consulting, Inc. (FCN) opened at $43.08 on Friday. FTI Consulting, Inc. has a 12-month low of $31.65 and a 12-month high of $45.27. The stock has a market capitalization of $1,648.08, a P/E ratio of 35.02 and a beta of 0.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.15.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.24. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The business had revenue of $448.96 million during the quarter, compared to analyst estimates of $446.63 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts forecast that FTI Consulting, Inc. will post 2.06 earnings per share for the current fiscal year.

FTI Consulting declared that its board has initiated a share buyback plan on Monday, December 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Company MN Raises Stake in FTI Consulting, Inc. (FCN)” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://theolympiareport.com/2018/01/19/wells-fargo-company-mn-raises-stake-in-fti-consulting-inc-fcn.html.

FTI Consulting Profile

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).

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.