Martingale Asset Management L P Purchases 35,265 Shares of FTI Consulting, Inc. (NYSE:FCN)

Martingale Asset Management L P lifted its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1,935.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,087 shares of the business services provider's stock after acquiring an additional 35,265 shares during the period. Martingale Asset Management L P owned 0.10% of FTI Consulting worth $8,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCN. Prospera Private Wealth LLC bought a new stake in shares of FTI Consulting in the 3rd quarter valued at approximately $34,000. UMB Bank n.a. lifted its position in FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock worth $38,000 after buying an additional 72 shares during the last quarter. Signaturefd LLC boosted 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 buying an additional 81 shares during the period. Versant Capital Management Inc increased its position in FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider's stock valued at $48,000 after acquiring an additional 190 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in FTI Consulting by 284.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider's stock valued at $52,000 after acquiring an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Performance

FTI Consulting stock traded down $1.20 during mid-day trading on Friday, hitting $202.52. The company's stock had a trading volume of 75,975 shares, compared to its average volume of 178,121. The company has a 50 day moving average of $212.35 and a 200-day moving average of $217.07. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The stock has a market cap of $7.28 billion, a PE ratio of 23.29 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly 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 return on equity of 14.79% and a net margin of 8.37%. The company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The company's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FCN. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Truist Financial raised their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research note 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.