SG Americas Securities LLC Cuts Stake in FTI Consulting, Inc. (NYSE:FCN)

SG Americas Securities LLC decreased its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 58.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,684 shares of the business services provider's stock after selling 2,376 shares during the period. SG Americas Securities LLC's holdings in FTI Consulting were worth $383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of FTI Consulting by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock valued at $241,000 after buying an additional 52 shares in the last quarter. Allegheny Financial Group LTD lifted its position in shares of FTI Consulting by 6.5% during the second quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock worth $255,000 after acquiring an additional 72 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of FTI Consulting by 2.1% in the second quarter. Truist Financial Corp now owns 3,757 shares of the business services provider's stock worth $810,000 after acquiring an additional 76 shares during the period. Signaturefd LLC grew its position in shares of FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in shares of FTI Consulting by 1.1% during the 2nd quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider's stock valued at $1,764,000 after purchasing an additional 86 shares during the period. 99.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial raised their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, July 25th. Finally, William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a report on Tuesday, June 25th.

Insider Transactions at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction on Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the sale, the director now directly owns 26,099 shares of the company's stock, valued at approximately $5,927,604.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.51% of the company's stock.

FTI Consulting Price Performance

NYSE:FCN traded down $1.28 during trading hours on Friday, hitting $228.43. 94,437 shares of the company's stock traded hands, compared to its average volume of 167,542. FTI Consulting, Inc. has a 52 week low of $181.25 and a 52 week high of $243.60. The business's fifty day simple moving average is $224.05 and its two-hundred day simple moving average is $218.96. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The firm has a market cap of $8.15 billion, a P/E ratio of 26.56 and a beta of 0.10.

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

FTI Consulting Company 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.