FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp reduced its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 22.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,193 shares of the business services provider’s stock after selling 3,547 shares during the quarter. Alberta Investment Management Corp’s holdings in FTI Consulting were worth $2,330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FCN. Mawer Investment Management Ltd. boosted its position in FTI Consulting by 3.2% during the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after acquiring an additional 123,177 shares during the last quarter. Raymond James & Associates lifted its stake in shares of FTI Consulting by 3.6% during the 3rd quarter. Raymond James & Associates now owns 143,305 shares of the business services provider’s stock worth $32,610,000 after purchasing an additional 5,044 shares during the period. Montanaro Asset Management Ltd boosted its holdings in shares of FTI Consulting by 11.1% during the third quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider’s stock worth $6,827,000 after purchasing an additional 3,000 shares during the last quarter. Dakota Wealth Management grew its position in shares of FTI Consulting by 570.2% in the fourth quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock valued at $1,246,000 after purchasing an additional 5,548 shares during the period. Finally, Financial Enhancement Group LLC increased its stake in FTI Consulting by 92.0% in the fourth quarter. Financial Enhancement Group LLC now owns 46,569 shares of the business services provider’s stock valued at $9,079,000 after purchasing an additional 22,310 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Stock Performance

Shares of FCN stock opened at $162.72 on Friday. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 18.70 and a beta of 0.15. FTI Consulting, Inc. has a one year low of $161.57 and a one year high of $243.60. The company has a 50 day moving average price of $192.68 and a 200 day moving average price of $207.13.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

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.