FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,968 shares of the business services provider's stock after selling 1,754 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of FTI Consulting worth $7,639,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in FTI Consulting by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider's stock worth $681,249,000 after acquiring an additional 23,419 shares during the period. LPL Financial LLC grew its holdings in shares of FTI Consulting by 17.6% during the 4th quarter. LPL Financial LLC now owns 13,764 shares of the business services provider's stock worth $2,631,000 after purchasing an additional 2,059 shares during the period. Fox Run Management L.L.C. increased its position in shares of FTI Consulting by 54.2% during the 4th quarter. Fox Run Management L.L.C. now owns 3,003 shares of the business services provider's stock worth $574,000 after purchasing an additional 1,055 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of FTI Consulting during the 4th quarter worth about $1,682,000. Finally, Sei Investments Co. raised its holdings in FTI Consulting by 1.1% in the 4th quarter. Sei Investments Co. now owns 97,705 shares of the business services provider's stock valued at $18,674,000 after buying an additional 1,107 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

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FTI Consulting Stock Performance

Shares of FCN traded down $0.08 during mid-day trading on Tuesday, hitting $164.00. 290,783 shares of the company's stock were exchanged, compared to its average volume of 210,032. The stock's 50-day moving average is $176.37 and its 200-day moving average is $195.67. FTI Consulting, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $243.60. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 21.03 and a beta of 0.14.

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

Analyst Ratings Changes

FCN has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, Truist Financial cut their target price on FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 21st.

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.