Financial Enhancement Group LLC Has $5.52 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Financial Enhancement Group LLC reduced its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 35.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,259 shares of the business services provider's stock after selling 13,606 shares during the period. Financial Enhancement Group LLC owned 0.07% of FTI Consulting worth $5,520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FCN. American Century Companies Inc. boosted its stake in FTI Consulting by 76.3% in the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider's stock valued at $48,439,000 after acquiring an additional 97,244 shares during the period. Greenvale Capital LLP raised its holdings in shares of FTI Consulting by 30.9% during the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider's stock valued at $77,591,000 after buying an additional 85,000 shares during the last quarter. Mountain Pacific Investment Advisers LLC raised its holdings in shares of FTI Consulting by 563.7% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider's stock valued at $15,104,000 after buying an additional 56,373 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $149,164,000 after buying an additional 39,271 shares during the last quarter. Finally, Marks Group Wealth Management Inc bought a new stake in shares of FTI Consulting during the third quarter valued at approximately $8,675,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Trading Up 2.0 %

NYSE:FCN traded up $3.93 during midday trading on Thursday, hitting $204.82. 226,284 shares of the stock were exchanged, compared to its average volume of 177,044. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 23.10 and a beta of 0.12. The business has a 50-day moving average price of $219.78 and a two-hundred day moving average price of $218.89.

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

Wall Street Analysts Forecast Growth

FCN has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a 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.