Keybank National Association OH Decreases Holdings in FTI Consulting, Inc. (FCN)

Keybank National Association OH reduced its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,900 shares of the business services provider’s stock after selling 1,400 shares during the quarter. Keybank National Association OH owned about 0.09% of FTI Consulting worth $1,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Amalgamated Bank boosted its stake in FTI Consulting by 0.6% during the 2nd quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 37 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in FTI Consulting by 0.8% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,155 shares of the business services provider’s stock valued at $291,000 after purchasing an additional 56 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in FTI Consulting by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 17,087 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 98 shares in the last quarter. Comerica Bank boosted its stake in FTI Consulting by 0.8% during the 2nd quarter. Comerica Bank now owns 32,062 shares of the business services provider’s stock valued at $1,061,000 after purchasing an additional 270 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in FTI Consulting by 4.9% during the 2nd quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 280 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

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Shares of FTI Consulting, Inc. (FCN) opened at $41.18 on Tuesday. The firm has a market capitalization of $1,601.77, a price-to-earnings ratio of 23.32 and a beta of 0.31. 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, Inc. has a one year low of $31.65 and a one year high of $47.12.

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

FCN has been the subject of a number of research reports. BidaskClub lowered FTI Consulting from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet raised FTI Consulting from a “c” rating to a “b” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered FTI Consulting from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $44.33.

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.

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

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