Proficio Capital Partners LLC Invests $2.19 Million in FTI Consulting, Inc. (NYSE:FCN)

Proficio Capital Partners LLC purchased a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,468 shares of the business services provider's stock, valued at approximately $2,192,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ieq Capital LLC raised its stake in FTI Consulting by 214.4% during the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider's stock worth $1,161,000 after acquiring an additional 4,142 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings 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 acquiring an additional 123,177 shares during the period. Montanaro Asset Management Ltd grew its position in shares of FTI Consulting by 11.1% during the third quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider's stock worth $6,827,000 after acquiring an additional 3,000 shares during the last quarter. Dakota Wealth Management increased its holdings in shares of FTI Consulting by 570.2% in the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock valued at $1,246,000 after acquiring an additional 5,548 shares during the period. Finally, Financial Enhancement Group LLC boosted its stake in FTI Consulting by 92.0% during the 4th quarter. Financial Enhancement Group LLC now owns 46,569 shares of the business services provider's stock worth $9,079,000 after purchasing an additional 22,310 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

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FTI Consulting Stock Performance

NYSE:FCN traded up $1.12 during mid-day trading on Friday, reaching $169.87. The stock had a trading volume of 373,849 shares, compared to its average volume of 191,721. FTI Consulting, Inc. has a twelve month low of $161.24 and a twelve month high of $243.60. The business has a 50 day simple moving average of $186.87 and a 200 day simple moving average of $203.46. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 21.78 and a beta of 0.14.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Truist Financial cut their price target on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 21st.

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.