Bessemer Group Inc. Has $12.09 Million Stake in FTI Consulting, Inc. (FCN)

Bessemer Group Inc. lowered its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 18.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,134 shares of the business services provider’s stock after selling 38,400 shares during the period. Bessemer Group Inc. owned approximately 0.43% of FTI Consulting worth $12,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of FTI Consulting by 7.9% in the second quarter. BlackRock Inc. now owns 5,283,500 shares of the business services provider’s stock valued at $319,546,000 after purchasing an additional 385,929 shares in the last quarter. FMR LLC lifted its stake in FTI Consulting by 419.0% during the second quarter. FMR LLC now owns 2,982,035 shares of the business services provider’s stock worth $180,353,000 after purchasing an additional 2,407,460 shares during the last quarter. Northern Trust Corp lifted its stake in FTI Consulting by 2.6% during the second quarter. Northern Trust Corp now owns 1,193,314 shares of the business services provider’s stock worth $72,172,000 after purchasing an additional 30,282 shares during the last quarter. Acadian Asset Management LLC lifted its stake in FTI Consulting by 83.1% during the third quarter. Acadian Asset Management LLC now owns 1,003,594 shares of the business services provider’s stock worth $73,453,000 after purchasing an additional 455,542 shares during the last quarter. Finally, Boston Partners lifted its stake in FTI Consulting by 2.8% during the second quarter. Boston Partners now owns 666,894 shares of the business services provider’s stock worth $40,334,000 after purchasing an additional 18,253 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on FCN. ValuEngine lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $79.00 target price for the company in a research note on Monday, October 29th.



In related news, General Counsel Curtis P. Lu sold 14,260 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $70.32, for a total value of $1,002,763.20. Following the sale, the general counsel now owns 21,573 shares in the company, valued at approximately $1,517,013.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew Pachman sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $73.14, for a total value of $109,710.00. Following the completion of the sale, the vice president now owns 1,686 shares in the company, valued at approximately $123,314.04. The disclosure for this sale can be found here. Insiders have sold a total of 47,733 shares of company stock worth $3,300,476 in the last quarter. Company insiders own 2.19% of the company’s stock.

NYSE:FCN traded up $0.38 during mid-day trading on Thursday, reaching $67.34. 375,900 shares of the company’s stock traded hands, compared to its average volume of 332,891. FTI Consulting, Inc. has a 12-month low of $39.57 and a 12-month high of $81.91. The company has a market cap of $2.57 billion, a PE ratio of 29.03 and a beta of 0.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.64.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 25th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.42. FTI Consulting had a return on equity of 11.91% and a net margin of 9.73%. The firm had revenue of $513.01 million for the quarter, compared to the consensus estimate of $471.78 million. Analysts expect that FTI Consulting, Inc. will post 3.75 EPS for the current fiscal year.

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FTI Consulting Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

Read More: Reverse Stock Split

Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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