AlphaQuest LLC Buys 2,444 Shares of FTI Consulting, Inc. (NYSE:FCN)

AlphaQuest LLC raised its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 129.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,329 shares of the business services provider's stock after acquiring an additional 2,444 shares during the quarter. AlphaQuest LLC's holdings in FTI Consulting were worth $827,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mawer Investment Management Ltd. raised its position in shares of FTI Consulting by 3.2% in the 3rd 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. State Street Corp grew its holdings in shares of FTI Consulting by 2.7% in the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider's stock valued at $241,519,000 after buying an additional 28,105 shares during the period. Geode Capital Management LLC increased its position in shares of FTI Consulting by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider's stock valued at $157,528,000 after buying an additional 16,171 shares in the last quarter. Pacer Advisors Inc. raised its stake in FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after buying an additional 513,549 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in FTI Consulting by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider's stock worth $83,869,000 after acquiring an additional 8,032 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

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Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group dropped their target price on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Truist Financial lowered their target price on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday, February 21st.

FTI Consulting Trading Down 1.7 %

Shares of FTI Consulting stock traded down $2.82 during trading hours on Wednesday, reaching $160.37. 150,143 shares of the company's stock were exchanged, compared to its average volume of 290,662. The stock has a market cap of $5.76 billion, a P/E ratio of 20.56 and a beta of 0.14. The company has a 50 day moving average of $185.38 and a two-hundred day moving average of $201.96. FTI Consulting, Inc. has a fifty-two week low of $160.00 and a fifty-two week high of $243.60.

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