4,383 Shares in FTI Consulting, Inc. (NYSE:FCN) Purchased by Kennondale Capital Management LLC

Kennondale Capital Management LLC purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,383 shares of the business services provider's stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FCN. Prospera Private Wealth LLC purchased a new position in FTI Consulting in the third quarter valued at about $34,000. Wilmington Savings Fund Society FSB purchased a new position in FTI Consulting in the third quarter valued at about $35,000. Quarry LP grew its stake in FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. True Wealth Design LLC purchased a new position in FTI Consulting in the third quarter valued at about $38,000. Finally, Jones Financial Companies Lllp grew its stake in FTI Consulting by 394.0% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Down 1.2 %

Shares of NYSE:FCN traded down $1.88 on Friday, reaching $160.02. The company had a trading volume of 1,379,302 shares, compared to its average volume of 199,826. FTI Consulting, Inc. has a twelve month low of $158.88 and a twelve month high of $243.60. The stock has a 50-day moving average price of $180.70 and a 200 day moving average price of $198.83. The stock has a market capitalization of $5.75 billion, a P/E ratio of 20.52 and a beta of 0.14.

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FTI Consulting (NYSE:FCN - Get Free Report) last posted 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 return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. On average, sell-side analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FCN. Truist Financial lowered their target price on FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group reduced their price target 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 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.