Los Angeles Capital Management LLC Trims Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Los Angeles Capital Management LLC lessened its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 45.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,296 shares of the business services provider's stock after selling 55,362 shares during the quarter. Los Angeles Capital Management LLC owned 0.18% of FTI Consulting worth $15,086,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FCN. UMB Bank n.a. raised its position in FTI Consulting by 76.6% during the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock valued at $38,000 after acquiring an additional 72 shares in the last quarter. Signaturefd LLC lifted its stake in shares of FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock valued at $44,000 after purchasing an additional 81 shares during the period. Covestor Ltd boosted its holdings in FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider's stock worth $46,000 after buying an additional 94 shares in the last quarter. Versant Capital Management Inc increased its holdings in FTI Consulting by 593.8% in the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider's stock valued at $48,000 after buying an additional 190 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in FTI Consulting by 284.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider's stock valued at $52,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Analysts Set New Price Targets

FCN has been the topic of a number of analyst reports. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd. Truist Financial increased their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th.

FTI Consulting Price Performance

NYSE FCN traded down $0.31 on Monday, hitting $203.96. The company had a trading volume of 164,134 shares, compared to its average volume of 177,076. The company's fifty day moving average price is $218.41 and its 200-day moving average price is $218.73. The company has a market capitalization of $7.33 billion, a PE ratio of 23.44 and a beta of 0.12. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS 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 firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 EPS. On average, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current year.

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.