Grantham Mayo Van Otterloo & Co. LLC increased its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,470 shares of the business services provider's stock after purchasing an additional 27,875 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.35% of FTI Consulting worth $24,172,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in shares of FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock worth $207,000 after buying an additional 55 shares during the period. Exchange Traded Concepts LLC grew its holdings in FTI Consulting by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock worth $657,000 after acquiring an additional 85 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock valued at $457,000 after acquiring an additional 89 shares during the last quarter. UMB Bank n.a. raised its position in shares of FTI Consulting by 59.6% during the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after acquiring an additional 99 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of FTI Consulting by 6.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock valued at $348,000 after purchasing an additional 103 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on FCN shares. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and lowered their price target for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group cut their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.
Read Our Latest Stock Analysis on FTI Consulting
FTI Consulting Stock Up 2.1 %
FTI Consulting stock traded up $3.38 during mid-day trading on Friday, hitting $163.90. 104,699 shares of the company's stock were exchanged, compared to its average volume of 222,731. The company's 50 day simple moving average is $169.79 and its 200-day simple moving average is $191.90. The firm has a market capitalization of $5.89 billion, a P/E ratio of 21.00 and a beta of 0.21. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60.
FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. Research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.
FTI Consulting Profile
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Free Report)
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.
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