Dakota Wealth Management Raises Stake in FTI Consulting, Inc. (NYSE:FCN)

Dakota Wealth Management lifted its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 570.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,521 shares of the business services provider's stock after acquiring an additional 5,548 shares during the period. Dakota Wealth Management's holdings in FTI Consulting were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Prospera Private Wealth LLC purchased a new stake in shares of FTI Consulting in the third quarter valued at about $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FTI Consulting in the 3rd quarter valued at $35,000. Quarry LP grew its holdings in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock worth $37,000 after purchasing an additional 125 shares during the period. UMB Bank n.a. increased its position in shares of FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock worth $38,000 after purchasing an additional 72 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in FTI Consulting in the 3rd quarter valued at about $38,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance

Shares of NYSE FCN traded down $0.72 during trading on Friday, reaching $191.08. The stock had a trading volume of 153,068 shares, compared to its average volume of 222,611. The company has a market cap of $6.87 billion, a P/E ratio of 21.96 and a beta of 0.14. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The business's 50-day moving average price is $196.27 and its 200-day moving average price is $211.35.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd.

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.