FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Financial Enhancement Group LLC

Posted by Defense World Staff on Sep 13th, 2023

Financial Enhancement Group LLC trimmed its position in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,259 shares of the business services provider’s stock after selling 175 shares during the period. Financial Enhancement Group LLC owned about 0.07% of FTI Consulting worth $4,291,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arlington Partners LLC purchased a new position in FTI Consulting in the 1st quarter valued at $31,000. Ancora Advisors LLC acquired a new stake in FTI Consulting in the 1st quarter valued at about $32,000. Clearstead Advisors LLC acquired a new position in shares of FTI Consulting during the 3rd quarter worth approximately $46,000. Fifth Third Bancorp boosted its holdings in shares of FTI Consulting by 84.3% during the 1st quarter. Fifth Third Bancorp now owns 282 shares of the business services provider’s stock worth $56,000 after purchasing an additional 129 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of FTI Consulting by 35.8% in the first quarter. Signaturefd LLC now owns 288 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 76 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on FTI Consulting in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

View Our Latest Research Report on FTI Consulting

FTI Consulting Price Performance

FTI Consulting stock opened at $179.30 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $187.55 and a 200 day moving average price of $188.92. FTI Consulting, Inc. has a 12-month low of $140.09 and a 12-month high of $205.63. The stock has a market cap of $6.10 billion, a P/E ratio of 27.29 and a beta of 0.21.

FTI Consulting (NYSE:FCN – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.19. FTI Consulting had a net margin of 7.29% and a return on equity of 14.12%. The business had revenue of $864.59 million during the quarter, compared to the consensus estimate of $821.85 million. Sell-side analysts anticipate that FTI Consulting, Inc. will post 6.74 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mark S. Bartlett sold 3,340 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $188.97, for a total value of $631,159.80. Following the sale, the director now owns 31,882 shares in the company, valued at approximately $6,024,741.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark S. Bartlett sold 3,340 shares of FTI Consulting stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $188.97, for a total value of $631,159.80. Following the completion of the transaction, the director now owns 31,882 shares in the company, valued at approximately $6,024,741.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven Henry Gunby sold 44,479 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $181.66, for a total transaction of $8,080,055.14. Following the sale, the chief executive officer now owns 288,218 shares in the company, valued at $52,357,681.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,897 shares of company stock valued at $16,658,744. 3.34% of the stock is currently owned by insiders.

About FTI Consulting

(Free Report)

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