CWA Asset Management Group LLC Buys New Position in FTI Consulting, Inc. (NYSE:FCN)

CWA Asset Management Group LLC acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 102,616 shares of the business services provider's stock, valued at approximately $23,351,000. FTI Consulting makes up about 1.2% of CWA Asset Management Group LLC's investment portfolio, making the stock its 11th largest position. CWA Asset Management Group LLC owned approximately 0.29% of FTI Consulting as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FCN. Price T Rowe Associates Inc. MD raised its holdings in FTI Consulting by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider's stock valued at $249,714,000 after buying an additional 35,599 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in FTI Consulting by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider's stock worth $149,164,000 after purchasing an additional 39,271 shares during the period. Stephens Investment Management Group LLC raised its stake in FTI Consulting by 7.7% during the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider's stock worth $108,099,000 after acquiring an additional 34,144 shares in the last quarter. Greenvale Capital LLP increased its position in shares of FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider's stock worth $77,591,000 after purchasing an additional 85,000 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in shares of FTI Consulting by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 347,393 shares of the business services provider's stock worth $74,874,000 after acquiring an additional 7,175 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Stock Performance

Shares of NYSE FCN traded down $0.61 during trading hours on Friday, hitting $204.27. 196,444 shares of the stock were exchanged, compared to its average volume of 248,193. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The company's fifty day simple moving average is $218.90 and its two-hundred day simple moving average is $218.78. The company has a market cap of $7.34 billion, a PE ratio of 23.48 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The company had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter in the previous year, the company earned $2.34 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd.

About FTI Consulting

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.