Montanaro Asset Management Ltd grew its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the business services provider's stock after purchasing an additional 3,000 shares during the quarter. Montanaro Asset Management Ltd owned approximately 0.08% of FTI Consulting worth $6,827,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of FCN. Price T Rowe Associates Inc. MD raised its stake in FTI Consulting by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider's stock worth $249,714,000 after acquiring an additional 35,599 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in FTI Consulting by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider's stock worth $149,164,000 after acquiring an additional 39,271 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in FTI Consulting by 7.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider's stock worth $108,099,000 after acquiring an additional 34,144 shares in the last quarter. Greenvale Capital LLP grew its position in FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider's stock worth $77,591,000 after purchasing an additional 85,000 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its position in FTI Consulting by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 347,393 shares of the business services provider's stock worth $74,874,000 after purchasing an additional 7,175 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
FCN has been the topic of several research reports. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research 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 report on Wednesday, September 25th.
Read Our Latest Research Report on FCN
FTI Consulting Trading Down 0.3 %
Shares of NYSE:FCN traded down $0.61 during midday trading on Friday, hitting $204.27. The stock had a trading volume of 196,444 shares, compared to its average volume of 248,193. The company has a market capitalization of $7.34 billion, a PE ratio of 23.48 and a beta of 0.12. The stock has a 50 day moving average price of $218.90 and a two-hundred day moving average price of $218.78. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60.
FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The firm had revenue of $926.00 million during the quarter, compared to analysts' expectations of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.
FTI Consulting Profile
(
Free Report)
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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