Rice Hall James Associates Lowers stake in FTI Consulting (FCN)

FTI Consulting (FCN) : Rice Hall James Associates reduced its stake in FTI Consulting by 0.18% during the most recent quarter end. The investment management company now holds a total of 629,066 shares of FTI Consulting which is valued at $25,351,360 after selling 1,109 shares in FTI Consulting , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.FTI Consulting makes up approximately 1.49% of Rice Hall James Associates’s portfolio.

FTI Consulting opened for trading at $40.41 and hit $41.24 on the upside on Monday, eventually ending the session at $41.06, with a gain of 1.89% or 0.76 points. The heightened volatility saw the trading volume jump to 3,69,718 shares. Company has a market cap of $1,702 M.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in FCN by selling 1,633 shares or 4.7% in the most recent quarter. The Hedge Fund company now holds 33,129 shares of FCN which is valued at $1,335,099. FTI Consulting makes up approx 0.02% of Texas Permanent School Fund’s portfolio.Louisiana State Employees Retirement System reduced its stake in FCN by selling 200 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 11,400 shares of FCN which is valued at $459,420. FTI Consulting makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.New York State Teachers Retirement System reduced its stake in FCN by selling 100 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 77,300 shares of FCN which is valued at $2,710,911. FTI Consulting makes up approx 0.01% of New York State Teachers Retirement System’s portfolio. Simplex Trading sold out all of its stake in FCN during the most recent quarter. The investment firm sold 3,950 shares of FCN which is valued $143,820.

On the company’s financial health, FTI Consulting reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.42. The company had revenue of $470.30 million for the quarter, compared to analysts expectations of $439.32 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

FTI Consulting Inc. (FTI Consulting) is a global business advisory firm. The Company operates through five segments: Corporate Finance/Restructuring Forensic and Litigation Consulting Economic Consulting Technology and Strategic Communications. The Company assists clients addressing a range of business challenges such as restructuring (including bankruptcy) financing and credit issues and indebtedness interim business management forensic accounting and litigation matters international arbitrations merger and acquisitions (M&A) antitrust and competition matters securities litigation electronic discovery (e-discovery) management and retrieval of electronically stored information (ESI) reputation management and strategic communications. The Company also provides services to help its clients take advantage of economic regulatory financial and other business opportunities.

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