Nitorum Capital L.P. Has $21.59 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

Nitorum Capital L.P. lessened its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,968 shares of the business services provider's stock after selling 9,609 shares during the quarter. FTI Consulting makes up about 2.5% of Nitorum Capital L.P.'s investment portfolio, making the stock its 19th largest position. Nitorum Capital L.P. owned 0.31% of FTI Consulting worth $21,592,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its position in FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock valued at $207,000 after purchasing an additional 55 shares during the last quarter. GeoWealth Management LLC raised its position in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after acquiring an additional 57 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of FTI Consulting by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock worth $657,000 after acquiring an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in FTI Consulting by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock valued at $457,000 after purchasing an additional 89 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Stock Down 0.1 %

FTI Consulting stock traded down $0.23 during midday trading on Monday, hitting $162.45. 570,595 shares of the stock were exchanged, compared to its average volume of 234,779. The company has a fifty day simple moving average of $163.40 and a two-hundred day simple moving average of $186.62. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60. The stock has a market capitalization of $5.75 billion, a PE ratio of 20.83 and a beta of 0.21.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping the consensus estimate of $1.79 by $0.50. The firm had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business's quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $2.23 EPS. As a group, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its Board of Directors has approved a stock repurchase program on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

FCN has been the subject of a number of recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research note on Friday. StockNews.com lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Truist Financial lowered shares of FTI Consulting from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock 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.