Isthmus Partners LLC Takes Position in FTI Consulting, Inc. (NYSE:FCN)

Isthmus Partners LLC purchased a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,339 shares of the business services provider's stock, valued at approximately $447,000.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after purchasing an additional 513,549 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of FTI Consulting in the fourth quarter valued at approximately $27,726,000. Mawer Investment Management Ltd. grew 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 in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of FTI Consulting by 1,215.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider's stock valued at $9,291,000 after acquiring an additional 45,224 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of FTI Consulting by 13.6% in the third quarter. FMR LLC now owns 325,680 shares of the business services provider's stock valued at $74,112,000 after acquiring an additional 38,977 shares in the last quarter. Institutional investors own 99.36% of the company's stock.

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FTI Consulting Stock Performance

FCN traded down $2.50 during midday trading on Wednesday, hitting $160.70. The stock had a trading volume of 150,143 shares, compared to its average volume of 193,787. The company has a market cap of $5.77 billion, a P/E ratio of 20.56 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $150.01 and a 1 year high of $243.60. The business has a fifty day moving average of $185.38 and a 200 day moving average of $201.96.

FTI Consulting (NYSE:FCN - Get Free Report) 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 analysts' consensus estimates of $1.73 by ($0.17). The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analysts Set New Price Targets

FCN has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a report 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 report 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.