Loomis Sayles & Co. L P Trims Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Loomis Sayles & Co. L P reduced its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,022 shares of the business services provider's stock after selling 3,698 shares during the period. Loomis Sayles & Co. L P owned 0.71% of FTI Consulting worth $57,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its stake in FTI Consulting by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock valued at $241,000 after purchasing an additional 52 shares in the last quarter. Allegheny Financial Group LTD lifted its holdings in shares of FTI Consulting by 6.5% in the 2nd quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock valued at $255,000 after acquiring an additional 72 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of FTI Consulting by 76.6% in the 3rd 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 during the last quarter. Truist Financial Corp grew its position in FTI Consulting by 2.1% in the second quarter. Truist Financial Corp now owns 3,757 shares of the business services provider's stock worth $810,000 after acquiring an additional 76 shares in the last quarter. Finally, Signaturefd LLC increased its stake in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock worth $44,000 after acquiring an additional 81 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd. Truist Financial increased their price target on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, September 25th.

FTI Consulting Trading Up 1.2 %

Shares of FCN stock traded up $2.33 during trading hours on Monday, reaching $204.19. 263,365 shares of the stock were exchanged, compared to its average volume of 178,774. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 23.46 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. The company's 50-day moving average price is $214.44 and its 200-day moving average price is $217.63.

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). 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 the consensus estimate of $946.16 million. During the same period in the prior year, the company posted $2.34 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

FTI Consulting 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.