Separately, Zacks Investment Research lowered shares of FTI Consulting from a hold rating to a sell rating in a research note on Wednesday, September 21st.
FTI Consulting (NYSE:FCN) traded down 0.66% during mid-day trading on Tuesday, reaching $43.59. 112,076 shares of the company’s stock traded hands. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 23.47 and a beta of 0.29. The company has a 50-day moving average of $43.61 and a 200-day moving average of $41.62. FTI Consulting has a 52-week low of $29.91 and a 52-week high of $45.23.
In related news, insider Holly Paul sold 598 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $43.42, for a total transaction of $25,965.16. Following the completion of the sale, the insider now directly owns 5,449 shares of the company’s stock, valued at $236,595.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.03% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in FTI Consulting by 8.5% in the first quarter. BlackRock Inc. now owns 17,502 shares of the company’s stock valued at $622,000 after buying an additional 1,376 shares in the last quarter. BlackRock Group LTD raised its stake in FTI Consulting by 25.7% in the first quarter. BlackRock Group LTD now owns 26,463 shares of the company’s stock valued at $939,000 after buying an additional 5,413 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake 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 in the last quarter. Investec Asset Management LTD acquired a new stake in FTI Consulting during the first quarter valued at approximately $2,655,000. Finally, Credit Agricole S A acquired a new stake in FTI Consulting during the first quarter valued at approximately $123,000. 93.36% of the stock is owned by institutional investors and hedge funds.
About FTI Consulting
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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