Marathon Asset Management Ltd Has $11.38 Million Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Marathon Asset Management Ltd lowered its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,552 shares of the business services provider's stock after selling 3,962 shares during the quarter. Marathon Asset Management Ltd owned about 0.17% of FTI Consulting worth $11,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FCN. Pacer Advisors Inc. increased its position in shares of FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after purchasing an additional 513,549 shares during the period. Mawer Investment Management Ltd. increased its position in shares of FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock worth $891,201,000 after purchasing an additional 123,177 shares during the period. CWA Asset Management Group LLC bought a new position in shares of FTI Consulting in the third quarter worth $23,351,000. Allspring Global Investments Holdings LLC increased its position in shares of FTI Consulting by 1,215.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider's stock worth $9,291,000 after purchasing an additional 45,224 shares during the period. Finally, FMR LLC increased its position in shares of FTI Consulting by 13.6% in the third quarter. FMR LLC now owns 325,680 shares of the business services provider's stock worth $74,112,000 after purchasing an additional 38,977 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $165.55 on Monday. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 21.22 and a beta of 0.15. The business's 50-day moving average is $188.91 and its 200-day moving average is $204.74. FTI Consulting, Inc. has a 1 year low of $161.24 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results 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). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. Analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on FCN. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Truist Financial lowered their price objective on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group lowered their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note 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.

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