Alberta Investment Management Corp Lowers Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Alberta Investment Management Corp lowered its stake in FTI Consulting, Inc. (NYSE:FCN) by 22.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,193 shares of the business services provider’s stock after selling 3,547 shares during the period. Alberta Investment Management Corp’s holdings in FTI Consulting were worth $2,330,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Peregrine Capital Management LLC grew its stake in shares of FTI Consulting by 1.8% during the 4th quarter. Peregrine Capital Management LLC now owns 73,623 shares of the business services provider’s stock worth $14,072,000 after purchasing an additional 1,304 shares during the period. Venturi Wealth Management LLC boosted its holdings in FTI Consulting by 127.5% during the fourth quarter. Venturi Wealth Management LLC now owns 762 shares of the business services provider’s stock worth $146,000 after buying an additional 427 shares in the last quarter. CIBC Asset Management Inc grew its position in FTI Consulting by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after buying an additional 55 shares during the period. Rhumbline Advisers increased its holdings in FTI Consulting by 3.7% in the fourth quarter. Rhumbline Advisers now owns 101,852 shares of the business services provider’s stock valued at $19,467,000 after buying an additional 3,609 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of FTI Consulting by 206.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 16,807 shares of the business services provider’s stock valued at $3,233,000 after acquiring an additional 11,314 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 14.4 %

NYSE:FCN opened at $162.72 on Friday. FTI Consulting, Inc. has a 52-week low of $161.57 and a 52-week high of $243.60. The stock has a fifty day simple moving average of $192.68 and a 200-day simple moving average of $207.13. The company has a market capitalization of $5.85 billion, a PE ratio of 18.70 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (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 anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.