Bangor Savings Bank Lowers Holdings in FTI Consulting, Inc. (NYSE:FCN)

Bangor Savings Bank reduced its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 97.2% during the 4th quarter, HoldingsChannel reports. The firm owned 185 shares of the business services provider’s stock after selling 6,505 shares during the period. Bangor Savings Bank’s holdings in FTI Consulting were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc purchased a new position in shares of FTI Consulting during the second quarter valued at $214,000. Arizona State Retirement System increased its position in FTI Consulting by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 9,977 shares of the business services provider’s stock valued at $2,150,000 after purchasing an additional 218 shares during the period. Quest Partners LLC raised its holdings in shares of FTI Consulting by 1,896.7% in the 2nd quarter. Quest Partners LLC now owns 1,218 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 1,157 shares in the last quarter. Choreo LLC purchased a new stake in shares of FTI Consulting in the 2nd quarter worth approximately $226,000. Finally, Pier Capital LLC boosted its stake in shares of FTI Consulting by 49.0% during the second quarter. Pier Capital LLC now owns 40,420 shares of the business services provider’s stock valued at $8,712,000 after purchasing an additional 13,294 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Performance

NYSE:FCN opened at $193.68 on Wednesday. The company’s 50-day simple moving average is $198.04 and its 200-day simple moving average is $213.31. 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 capitalization of $6.96 billion, a P/E ratio of 22.26 and a beta of 0.14.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FCN. Truist Financial boosted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting 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.