Aigen Investment Management LP Acquires Shares of 4,661 FTI Consulting, Inc. (NYSE:FCN)

Aigen Investment Management LP bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN) during the 1st quarter, HoldingsChannel.com reports. The fund bought 4,661 shares of the business services provider’s stock, valued at approximately $765,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GeoWealth Management LLC increased its holdings in FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock worth $35,000 after buying an additional 57 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTI Consulting during the 1st quarter valued at approximately $30,000. Signaturefd LLC increased its stake in shares of FTI Consulting by 65.3% during the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Quarry LP increased its stake in shares of FTI Consulting by 115.4% during the 4th quarter. Quarry LP now owns 349 shares of the business services provider’s stock worth $67,000 after purchasing an additional 187 shares during the last quarter. Finally, Curat Global LLC bought a new stake in shares of FTI Consulting in the 1st quarter worth approximately $89,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair restated an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 25th.

FTI Consulting Stock Up 0.1%

Shares of NYSE:FCN opened at $167.53 on Tuesday. The firm has a fifty day moving average price of $164.66 and a two-hundred day moving average price of $167.94. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 23.60 and a beta of 0.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $231.65.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.87 by $0.26. The business had revenue of $943.66 million during the quarter, compared to analysts’ expectations of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 earnings per share. Analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 24th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.