FTI Consulting (NYSE:FCN) Sets New 52-Week Low - Here's What Happened

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $157.52 and last traded at $160.11, with a volume of 29045 shares traded. The stock had previously closed at $164.12.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday. Truist Financial lowered shares of FTI Consulting from a "buy" rating to a "hold" rating and reduced their price target for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group reduced their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, February 21st.

FTI Consulting Price Performance

The stock has a market capitalization of $5.55 billion, a P/E ratio of 19.81 and a beta of 0.21. The stock's fifty day moving average is $174.48 and its 200-day moving average is $194.34.

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

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Institutional Trading of FTI Consulting

A number of institutional investors and hedge funds have recently modified their holdings of FCN. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting in the 3rd quarter worth $35,000. GeoWealth Management LLC increased its stake in shares of FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after purchasing an additional 57 shares during the period. Quarry LP lifted its position 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 last quarter. Jones Financial Companies Lllp boosted its stake in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after purchasing an additional 197 shares during the period. Finally, UMB Bank n.a. grew its holdings in FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after buying an additional 99 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

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.