Cerity Partners LLC Grows Stake in FTI Consulting, Inc. (NYSE:FCN)

Cerity Partners LLC boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 644.3% in the 3rd quarter, Holdings Channel reports. The firm owned 7,480 shares of the business services provider’s stock after acquiring an additional 6,475 shares during the quarter. Cerity Partners LLC’s holdings in FTI Consulting were worth $1,702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FCN. Mawer Investment Management Ltd. lifted its holdings in FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after acquiring an additional 123,177 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in FTI Consulting in the 3rd quarter valued at about $23,351,000. American Century Companies Inc. raised its holdings in FTI Consulting by 76.3% in the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after acquiring an additional 97,244 shares in the last quarter. Greenvale Capital LLP lifted its position in shares of FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock worth $77,591,000 after purchasing an additional 85,000 shares during the last quarter. Finally, Mountain Pacific Investment Advisers LLC boosted its position in shares of FTI Consulting by 563.7% during the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock worth $15,104,000 after acquiring an additional 56,373 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FCN. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Truist Financial increased their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

FTI Consulting Stock Down 0.4 %

NYSE:FCN opened at $201.76 on Tuesday. The firm’s fifty day simple moving average is $211.84 and its 200-day simple moving average is $216.85. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The stock has a market cap of $7.25 billion, a PE ratio of 23.19 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The business had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 EPS. Equities analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

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.