Jefferies Group LLC Buys Shares of 8,750 FTI Consulting, Inc. (FCN)

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Jefferies Group LLC bought a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,750 shares of the business services provider’s stock, valued at approximately $640,000.

A number of other large investors have also made changes to their positions in FCN. Financial Enhancement Group LLC bought a new stake in FTI Consulting during the 2nd quarter valued at approximately $104,000. Tower Research Capital LLC TRC bought a new stake in FTI Consulting during the 2nd quarter valued at approximately $140,000. Itau Unibanco Holding S.A. bought a new stake in FTI Consulting during the 2nd quarter valued at approximately $183,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in FTI Consulting during the 2nd quarter valued at approximately $210,000. Finally, Paloma Partners Management Co bought a new stake in FTI Consulting during the 2nd quarter valued at approximately $219,000. Hedge funds and other institutional investors own 98.19% of the company’s stock.

In other FTI Consulting news, Director Brenda J. Bacon sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $68.02, for a total value of $74,822.00. Following the completion of the sale, the director now owns 40,955 shares in the company, valued at approximately $2,785,759.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Alderman Linton sold 3,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $66.95, for a total value of $254,410.00. Following the completion of the sale, the insider now owns 18,177 shares of the company’s stock, valued at approximately $1,216,950.15. The disclosure for this sale can be found here. Insiders sold a total of 51,533 shares of company stock valued at $3,554,886 in the last quarter. Corporate insiders own 2.19% of the company’s stock.

Shares of NYSE:FCN opened at $61.19 on Monday. FTI Consulting, Inc. has a twelve month low of $39.57 and a twelve month high of $81.91. The company has a market cap of $2.35 billion, a P/E ratio of 26.38 and a beta of 0.02. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.19.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.42. FTI Consulting had a return on equity of 11.91% and a net margin of 9.73%. The company had revenue of $513.01 million during the quarter, compared to the consensus estimate of $471.78 million. On average, equities research analysts forecast that FTI Consulting, Inc. will post 3.75 earnings per share for the current fiscal year.

Several brokerages recently weighed in on FCN. Zacks Investment Research downgraded FTI Consulting from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st.

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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.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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