Edgestream Partners L.P. Invests $5.12 Million in FTI Consulting, Inc. (NYSE:FCN)

Edgestream Partners L.P. acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,760 shares of the business services provider's stock, valued at approximately $5,115,000. Edgestream Partners L.P. owned about 0.07% of FTI Consulting as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in shares of FTI Consulting by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 22,250 shares of the business services provider's stock valued at $5,106,000 after acquiring an additional 6,358 shares during the last quarter. Asset Management One Co. Ltd. raised its position in FTI Consulting by 6.1% during the third quarter. Asset Management One Co. Ltd. now owns 5,493 shares of the business services provider's stock valued at $1,250,000 after purchasing an additional 314 shares during the period. Portside Wealth Group LLC lifted its stake in shares of FTI Consulting by 6.9% in the 3rd quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider's stock valued at $356,000 after purchasing an additional 101 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of FTI Consulting in the 3rd quarter worth approximately $23,351,000. Finally, Atria Investments Inc boosted its holdings in shares of FTI Consulting by 7.4% in the 3rd quarter. Atria Investments Inc now owns 11,108 shares of the business services provider's stock worth $2,528,000 after purchasing an additional 767 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

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FTI Consulting Stock Down 1.4 %

FCN traded down $2.29 on Wednesday, reaching $160.90. 267,779 shares of the company traded hands, compared to its average volume of 194,501. The company has a market cap of $5.78 billion, a P/E ratio of 20.63 and a beta of 0.14. FTI Consulting, Inc. has a one year low of $150.01 and a one year high of $243.60. The firm has a fifty day simple moving average of $185.38 and a two-hundred day simple moving average of $201.96.

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 the consensus estimate of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The company had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. On average, equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FCN. The Goldman Sachs Group lowered their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Truist Financial lowered their target price on shares of 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 downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday, February 21st.

FTI Consulting 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.