FTI Consulting, Inc. (NYSE:FCN) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 18.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 490 shares of the business services provider’s stock after selling 108 shares during the quarter. GAMMA Investing LLC’s holdings in FTI Consulting were worth $94,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FCN. Mawer Investment Management Ltd. grew its stake in shares of 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 buying an additional 123,177 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at $23,351,000. American Century Companies Inc. boosted 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 purchasing an additional 97,244 shares during the period. Greenvale Capital LLP boosted its holdings in FTI Consulting by 30.9% in the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after purchasing an additional 85,000 shares during the period. Finally, Mountain Pacific Investment Advisers LLC boosted its holdings in FTI Consulting by 563.7% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock valued at $15,104,000 after purchasing an additional 56,373 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Trading Down 0.7 %

NYSE:FCN opened at $192.87 on Friday. The firm has a market cap of $6.93 billion, a PE ratio of 22.17 and a beta of 0.14. The stock has a fifty day moving average price of $197.89 and a 200 day moving average price of $213.04. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly 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 analysts’ expectations of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $2.34 earnings per share. Equities analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FCN shares. Truist Financial lifted their target price on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

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.