6,092 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,092 shares of the business services provider's stock, valued at approximately $1,164,000.

Several other institutional investors and hedge funds also recently modified their holdings of FCN. Quest Partners LLC raised its stake in FTI Consulting by 54.8% in the 3rd quarter. Quest Partners LLC now owns 1,885 shares of the business services provider's stock valued at $429,000 after purchasing an additional 667 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of FTI Consulting by 7.6% in the third quarter. Pathstone Holdings LLC now owns 6,416 shares of the business services provider's stock valued at $1,460,000 after buying an additional 452 shares during the last quarter. Caprock Group LLC lifted its stake in shares of FTI Consulting by 31.6% during the third quarter. Caprock Group LLC now owns 1,947 shares of the business services provider's stock valued at $443,000 after buying an additional 467 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in FTI Consulting during the third quarter worth approximately $932,000. Finally, Prospera Private Wealth LLC purchased a new stake in FTI Consulting in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Up 0.6 %

Shares of FCN traded up $1.03 during mid-day trading on Wednesday, reaching $162.32. 245,234 shares of the stock traded hands, compared to its average volume of 200,995. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 20.81 and a beta of 0.14. The stock has a fifty day simple moving average of $179.30 and a 200 day simple moving average of $197.66. FTI Consulting, Inc. has a 12-month low of $158.87 and a 12-month high of $243.60.

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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). The firm had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. On average, equities research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FCN. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Truist Financial cut their price objective on FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group decreased their target price 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.