Black Creek Investment Management INC Has Trimmed Fti Consulting INC (FCN) Holding by $79.58 Million

October 13, 2018 - By Michael Collier

FTI Consulting, Inc. (NYSE:FCN) LogoInvestors sentiment increased to 1.23 in Q2 2018. Its up 0.14, from 1.09 in 2018Q1. It increased, as 16 investors sold FCN shares while 64 reduced holdings. 40 funds opened positions while 58 raised stakes. 34.93 million shares or 1.37% less from 35.42 million shares in 2018Q1 were reported. Arizona State Retirement Systems holds 0.03% of its portfolio in FTI Consulting, Inc. (NYSE:FCN) for 54,968 shares. Teacher Retirement Sys Of Texas reported 7,606 shares. Louisiana State Employees Retirement holds 16,900 shares or 0.05% of its portfolio. Prelude Cap Mgmt has 0% invested in FTI Consulting, Inc. (NYSE:FCN). California Employees Retirement Systems has 121,739 shares for 0.01% of their portfolio. Stone Ridge Asset Management Ltd Liability stated it has 0.04% of its portfolio in FTI Consulting, Inc. (NYSE:FCN). Guggenheim Llc has 18,121 shares for 0.01% of their portfolio. 18,840 are held by Citigroup. Cornercap Investment Counsel reported 0.14% in FTI Consulting, Inc. (NYSE:FCN). Old Mutual Glob Invsts (Uk) holds 26,314 shares. State Street holds 1.03 million shares. State Bank Of Montreal Can invested in 0% or 1,415 shares. State Of Tennessee Treasury Department holds 58,204 shares. Bancorporation Of America Corporation De invested 0% of its portfolio in FTI Consulting, Inc. (NYSE:FCN). Jpmorgan Chase And reported 759,442 shares.

Since June 4, 2018, it had 0 insider purchases, and 3 selling transactions for $2.73 million activity. Bacon Brenda J had sold 15,966 shares worth $1.00 million on Monday, June 4. Another trade for 10,426 shares valued at $784,953 was made by Paul Holly on Friday, July 27.

Black Creek Investment Management Inc decreased its stake in Fti Consulting Inc (FCN) by 38.55% based on its latest 2018Q2 regulatory filing with the SEC. Black Creek Investment Management Inc sold 1.33 million shares as the company’s stock rose 20.66% with the market. The institutional investor held 2.11 million shares of the consumer services company at the end of 2018Q2, valued at $127.87 million, down from 3.44M at the end of the previous reported quarter. Black Creek Investment Management Inc who had been investing in Fti Consulting Inc for a number of months, seems to be less bullish one the $2.53 billion market cap company. The stock increased 0.95% or $0.64 during the last trading session, reaching $68.32. About 246,223 shares traded. FTI Consulting, Inc. (NYSE:FCN) has risen 119.83% since October 13, 2017 and is uptrending. It has outperformed by 104.21% the S&P500.

Black Creek Investment Management Inc, which manages about $2.97B and $3.28 billion US Long portfolio, upped its stake in Glaxosmithkline Plc (NYSE:GSK) by 259,923 shares to 6.38M shares, valued at $257.17M in 2018Q2, according to the filing. It also increased its holding in Varex Imaging Corp by 119,000 shares in the quarter, for a total of 1.17 million shares, and has risen its stake in Booz Allen Hamilton Hldg Cor (NYSE:BAH).

Analysts await FTI Consulting, Inc. (NYSE:FCN) to report earnings on October, 25. They expect $0.56 earnings per share, down 32.53 % or $0.27 from last year’s $0.83 per share. FCN’s profit will be $20.76 million for 30.50 P/E if the $0.56 EPS becomes a reality. After $1.14 actual earnings per share reported by FTI Consulting, Inc. for the previous quarter, Wall Street now forecasts -50.88 % negative EPS growth.

More important recent FTI Consulting, Inc. (NYSE:FCN) news were published by: Globenewswire.com which released: “FTI Consulting Releases ASEAN Disclosure Index 2018” on September 27, 2018, also Globenewswire.com published article titled: “Senior Congressional Healthcare Policy Advisor Charlene MacDonald Joins FTI Consulting”, Globenewswire.com published: “Five Restructuring Experts Specializing in Healthcare Join FTI Consulting” on October 01, 2018. More interesting news about FTI Consulting, Inc. (NYSE:FCN) was released by: Globenewswire.com and their article: “FTI Consulting Adds Senior HR Expert, Enhancing Business Transformation Offering” with publication date: September 25, 2018.

FTI Consulting, Inc. (NYSE:FCN) Institutional Positions Chart

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