SG Americas Securities LLC lowered its position in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 63.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,141 shares of the business services provider’s stock after selling 3,729 shares during the period. SG Americas Securities LLC’s holdings in FTI Consulting were worth $378,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in FCN. Victory Capital Management Inc. raised its position in shares of FTI Consulting by 44.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,634,051 shares of the business services provider’s stock worth $279,145,000 after purchasing an additional 503,885 shares during the period. Black Creek Investment Management Inc. grew its position in FTI Consulting by 60.0% in the 4th quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider’s stock valued at $183,172,000 after purchasing an additional 402,008 shares during the period. Norges Bank acquired a new stake in FTI Consulting in the 4th quarter valued at $61,137,000. M&T Bank Corp increased its stake in FTI Consulting by 10,081.4% during the 4th quarter. M&T Bank Corp now owns 321,731 shares of the business services provider’s stock valued at $54,961,000 after purchasing an additional 318,571 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in FTI Consulting during the 4th quarter valued at $43,516,000. Institutional investors and hedge funds own 99.36% of the company’s stock.
FTI Consulting Stock Performance
NYSE FCN opened at $154.68 on Friday. The company has a fifty day moving average price of $154.51 and a 200-day moving average price of $166.85. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 18.39 and a beta of -0.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 2.30. FTI Consulting, Inc. has a 1 year low of $137.65 and a 1 year high of $189.30.
FTI Consulting announced that its Board of Directors has approved a share buyback program on Friday, June 5th that allows the company to buyback $370.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 7.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Insider Buying and Selling at FTI Consulting
In other FTI Consulting news, CFO Eun Nam bought 2,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $144.59 per share, for a total transaction of $289,180.00. Following the purchase, the chief financial officer directly owned 21,592 shares of the company’s stock, valued at approximately $3,121,987.28. This represents a 10.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven Henry Gunby bought 10,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $144.17 per share, for a total transaction of $1,441,700.00. Following the purchase, the chief executive officer directly owned 326,984 shares in the company, valued at approximately $47,141,283.28. The trade was a 3.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 14,400 shares of company stock worth $2,076,576. Insiders own 1.79% of the company’s stock.
Wall Street Analysts Forecast Growth
FCN has been the topic of a number of recent research reports. Wall Street Zen lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Truist Financial raised their price target on shares of FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Weiss Ratings cut shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $174.50.
Read Our Latest Stock Report on FCN
About FTI Consulting
FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.
In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.
Read More
- Five stocks we like better than FTI Consulting
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
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 – Free Report).
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.
