Sunnymeath Asset Management adds FTI Consulting (FCN) to its portfolio

FTI Consulting (FCN) : Sunnymeath Asset Management added new position in FTI Consulting during the most recent quarter end. The investment management firm now holds 23,800 shares of FTI Consulting which is valued at $1,028,398 , the company said in a statement filed on Jul 19, 2016 with the SEC.FTI Consulting makes up approximately 1.45% of Sunnymeath Asset Management’s portfolio.

Other Hedge Funds, Including , Eagle Boston Investment Management Inc boosted its stake in FCN in the latest quarter, The investment management firm added 364 additional shares and now holds a total of 32,518 shares of FTI Consulting which is valued at $1,405,103. FTI Consulting makes up approx 0.18% of Eagle Boston Investment Management Inc’s portfolio.Corbyn Investment Management Incmd reduced its stake in FCN by selling 126,060 shares or 32.54% in the most recent quarter. The Hedge Fund company now holds 261,369 shares of FCN which is valued at $11,087,273. FTI Consulting makes up approx 3.46% of Corbyn Investment Management Incmd’s portfolio. Capstone Asset Management Co added FCN to its portfolio by purchasing 5,426 company shares during the most recent quarter which is valued at $231,419. FTI Consulting makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Cutler Group Lp added FCN to its portfolio by purchasing 270 company shares during the most recent quarter which is valued at $11,516.

FTI Consulting opened for trading at $42.82 and hit $43.245 on the upside on Wednesday, eventually ending the session at $43.21, with a gain of 0.70% or 0.3 points. The heightened volatility saw the trading volume jump to 1,78,480 shares. Company has a market cap of $1,791 M.

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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