HighTower Advisors LLC Boosts Position in FTI Consulting, Inc. (NYSE:FCN)

HighTower Advisors LLC grew its position in FTI Consulting, Inc. (NYSE:FCN) by 8.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,256 shares of the business services provider’s stock after purchasing an additional 260 shares during the period. HighTower Advisors LLC’s holdings in FTI Consulting were worth $622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc grew its stake in FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 55 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of FTI Consulting by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock valued at $657,000 after purchasing an additional 85 shares in the last quarter. UMB Bank n.a. grew its position in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 99 shares during the last quarter. Colonial River Investments LLC increased its stake in shares of FTI Consulting by 6.3% during the 4th quarter. Colonial River Investments LLC now owns 1,831 shares of the business services provider’s stock worth $350,000 after purchasing an additional 108 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its position in shares of FTI Consulting by 6.6% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,963 shares of the business services provider’s stock worth $375,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $162.28 on Friday. The firm has a market cap of $5.83 billion, a P/E ratio of 20.80 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $158.88 and a 1 year high of $243.60. The firm’s 50 day moving average price is $177.51 and its 200 day moving average price is $196.64.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. As a group, equities analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group lowered their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Truist Financial decreased their price objective on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th.

About FTI Consulting

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.