Alberta Investment Management Corp Cuts Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Alberta Investment Management Corp reduced its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 22.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,193 shares of the business services provider's stock after selling 3,547 shares during the period. Alberta Investment Management Corp's holdings in FTI Consulting were worth $2,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. lifted its stake in FTI Consulting by 3.2% during the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock worth $891,201,000 after purchasing an additional 123,177 shares during the last quarter. Raymond James & Associates raised its holdings in shares of FTI Consulting by 3.6% during the 3rd quarter. Raymond James & Associates now owns 143,305 shares of the business services provider's stock valued at $32,610,000 after buying an additional 5,044 shares in the last quarter. Montanaro Asset Management Ltd lifted its position in FTI Consulting by 11.1% in the 3rd quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider's stock worth $6,827,000 after buying an additional 3,000 shares during the last quarter. Dakota Wealth Management boosted its stake in FTI Consulting by 570.2% in the fourth quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock worth $1,246,000 after buying an additional 5,548 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its position in FTI Consulting by 92.0% during the fourth quarter. Financial Enhancement Group LLC now owns 46,569 shares of the business services provider's stock valued at $9,079,000 after acquiring an additional 22,310 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCN has been the subject of several analyst reports. Truist Financial cut their price target on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a research report on Friday. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Finally, The Goldman Sachs Group decreased their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday.

FTI Consulting Stock Up 0.9 %

Shares of FCN traded up $1.52 during trading hours on Friday, reaching $164.51. 797,670 shares of the company traded hands, compared to its average volume of 239,626. FTI Consulting, Inc. has a 12 month low of $161.24 and a 12 month high of $243.60. The company's fifty day moving average price is $192.00 and its two-hundred day moving average price is $206.78. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 18.91 and a beta of 0.15.

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 for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. On average, analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

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.