FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 17.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,890 shares of the business services provider's stock after selling 8,990 shares during the period. Kornitzer Capital Management Inc. KS owned 0.12% of FTI Consulting worth $9,532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Marks Group Wealth Management Inc purchased a new stake in shares of FTI Consulting in the third quarter valued at about $8,675,000. Asset Management One Co. Ltd. lifted its holdings in shares of FTI Consulting by 6.1% in 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 in the last quarter. Van ECK Associates Corp lifted its holdings in shares of FTI Consulting by 40.0% in the third quarter. Van ECK Associates Corp now owns 22,250 shares of the business services provider's stock valued at $5,106,000 after purchasing an additional 6,358 shares in the last quarter. James Investment Research Inc. lifted its holdings in shares of FTI Consulting by 3.5% in the third quarter. James Investment Research Inc. now owns 5,645 shares of the business services provider's stock valued at $1,285,000 after purchasing an additional 190 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of FTI Consulting by 9.6% in the third quarter. Farther Finance Advisors LLC now owns 2,180 shares of the business services provider's stock valued at $496,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Down 0.3 %

Shares of FCN traded down $0.61 on Friday, hitting $204.27. 196,444 shares of the stock traded hands, compared to its average volume of 177,133. The firm has a market capitalization of $7.34 billion, a P/E ratio of 23.72 and a beta of 0.12. The stock's 50 day moving average is $219.39 and its two-hundred day moving average is $218.79. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21). The company 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 business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.34 EPS. Research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FCN. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd. Truist Financial upped their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th.

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.