GSA Capital Partners LLP Reduces Stock Position in FTI Consulting, Inc. (NYSE:FCN)

GSA Capital Partners LLP reduced its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 61.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,863 shares of the business services provider's stock after selling 3,017 shares during the period. GSA Capital Partners LLP's holdings in FTI Consulting were worth $424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of FTI Consulting by 3.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider's stock worth $249,714,000 after acquiring an additional 35,599 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 39,271 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of FTI Consulting by 7.7% during the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider's stock valued at $108,099,000 after purchasing an additional 34,144 shares in the last quarter. Greenvale Capital LLP lifted 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 purchasing an additional 85,000 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in shares of FTI Consulting by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 347,393 shares of the business services provider's stock worth $74,874,000 after purchasing an additional 7,175 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Stock Up 0.8 %

NYSE:FCN opened at $198.98 on Thursday. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 22.87 and a beta of 0.12. The company's 50 day moving average price is $215.28 and its 200-day moving average price is $217.92. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued 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 net margin of 8.37% and a return on equity of 14.79%. The business had revenue of $926.00 million for the quarter, compared to analysts' expectations of $946.16 million. During the same quarter in the prior year, the business posted $2.34 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FCN has been the subject of a number of recent research reports. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd. Truist Financial lifted 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 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.