Wealth Enhancement Advisory Services LLC Sells 6,444 Shares of FTI Consulting, Inc. (NYSE:FCN)

Wealth Enhancement Advisory Services LLC reduced its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 72.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,438 shares of the business services provider's stock after selling 6,444 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in FTI Consulting were worth $525,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FCN. Victory Capital Management Inc. raised its stake in shares of FTI Consulting by 9.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider's stock worth $396,307,000 after buying an additional 168,100 shares during the last quarter. Vanguard Group Inc. raised its position in FTI Consulting by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider's stock valued at $704,112,000 after buying an additional 157,206 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in FTI Consulting by 4.1% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider's stock worth $801,247,000 after acquiring an additional 149,722 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of FTI Consulting in the first quarter valued at approximately $22,540,000. Finally, Axiom Investors LLC DE lifted its position in shares of FTI Consulting by 35.3% in the fourth quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider's stock worth $65,768,000 after purchasing an additional 86,140 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Performance

Shares of FCN stock traded up $0.17 during midday trading on Friday, hitting $223.70. 56,553 shares of the company were exchanged, compared to its average volume of 177,423. FTI Consulting, Inc. has a 52 week low of $174.75 and a 52 week high of $243.60. The firm has a market capitalization of $7.99 billion, a P/E ratio of 26.01 and a beta of 0.09. The firm's 50 day moving average price is $219.32 and its two-hundred day moving average price is $213.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The firm had revenue of $949.16 million during the quarter, compared to the consensus estimate of $938.67 million. During the same period last year, the business posted $1.75 earnings per share. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that FTI Consulting, Inc. will post 8.48 earnings per share for the current year.

Insider Activity at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of the business's stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the sale, the director now owns 26,099 shares of the company's stock, valued at $5,927,604.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, July 25th. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a research note on Tuesday, June 25th.

FTI Consulting Profile

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.