FIL Ltd Trims Stake in FTI Consulting, Inc. (NYSE:FCN)

FIL Ltd lessened its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,638 shares of the business services provider's stock after selling 49,197 shares during the period. FIL Ltd owned about 0.73% of FTI Consulting worth $50,007,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FCN. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTI Consulting during the third quarter valued at approximately $35,000. Quarry LP increased its position in shares of FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after acquiring an additional 125 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after purchasing an additional 197 shares during the period. UMB Bank n.a. grew its stake in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after purchasing an additional 99 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in FTI Consulting by 51.4% during the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock valued at $90,000 after purchasing an additional 160 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

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FTI Consulting Trading Down 0.7 %

FTI Consulting stock traded down $1.19 during mid-day trading on Tuesday, hitting $165.91. The company had a trading volume of 54,513 shares, compared to its average volume of 340,578. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60. The company has a market capitalization of $5.96 billion, a PE ratio of 21.27 and a beta of 0.21. The stock's 50 day moving average price is $168.67 and its two-hundred day moving average price is $190.80.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $894.92 million for 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%. Equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FCN. StockNews.com cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Truist Financial lowered FTI Consulting from a "buy" rating to a "hold" rating and dropped their price target for the company from $225.00 to $178.00 in a research report on Wednesday, April 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.