Envestnet Asset Management Inc. Sells 1,033 Shares of FTI Consulting, Inc. (NYSE:FCN)

Envestnet Asset Management Inc. lowered its stake in FTI Consulting, Inc. (NYSE:FCNGet Rating) by 4.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,379 shares of the business services provider’s stock after selling 1,033 shares during the quarter. Envestnet Asset Management Inc.’s holdings in FTI Consulting were worth $3,686,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Truist Financial Corp increased its stake in shares of FTI Consulting by 88.7% in the 1st quarter. Truist Financial Corp now owns 6,092 shares of the business services provider’s stock valued at $958,000 after acquiring an additional 2,863 shares in the last quarter. HM Payson & Co. increased its stake in FTI Consulting by 85.8% during the 1st quarter. HM Payson & Co. now owns 1,486 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 686 shares in the last quarter. Capital Insight Partners LLC increased its stake in FTI Consulting by 2.7% during the 2nd quarter. Capital Insight Partners LLC now owns 10,507 shares of the business services provider’s stock valued at $1,900,000 after purchasing an additional 272 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in FTI Consulting by 16.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 15,776 shares of the business services provider’s stock valued at $2,853,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Hightower 6M Holding LLC bought a new stake in FTI Consulting during the 1st quarter valued at $223,000.

FTI Consulting Stock Performance

Shares of FCN stock opened at $160.75 on Monday. The firm has a market capitalization of $5.53 billion, a PE ratio of 25.48 and a beta of 0.22. The firm has a fifty day simple moving average of $165.33 and a two-hundred day simple moving average of $167.88. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.19. FTI Consulting, Inc. has a 12 month low of $132.36 and a 12 month high of $190.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of FTI Consulting in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Insiders Place Their Bets

In other FTI Consulting news, Director Claudio Costamagna sold 8,000 shares of FTI Consulting stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $162.00, for a total transaction of $1,296,000.00. Following the transaction, the director now directly owns 38,818 shares of the company’s stock, valued at approximately $6,288,516. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other FTI Consulting news, Director Claudio Costamagna sold 8,000 shares of FTI Consulting stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $162.00, for a total transaction of $1,296,000.00. Following the transaction, the director now directly owns 38,818 shares of the company’s stock, valued at approximately $6,288,516. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ajay Sabherwal sold 5,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $169.33, for a total transaction of $846,650.00. Following the completion of the transaction, the chief financial officer now directly owns 13,532 shares in the company, valued at $2,291,373.56. The disclosure for this sale can be found here. Insiders own 3.46% of the company’s stock.

About FTI Consulting

(Get Rating)

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.

Further Reading

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

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