Oak Thistle LLC Buys 1,642 Shares of FTI Consulting, Inc. (NYSE:FCN)

Oak Thistle LLC raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 128.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,925 shares of the business services provider's stock after purchasing an additional 1,642 shares during the quarter. Oak Thistle LLC's holdings in FTI Consulting were worth $559,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FCN. Prospera Private Wealth LLC bought a new stake in FTI Consulting during the 3rd quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting in the 3rd quarter valued at approximately $35,000. Quarry LP boosted its position in shares of FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. UMB Bank n.a. grew its stake 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 purchasing an additional 72 shares during the period. Finally, True Wealth Design LLC bought a new position in shares of FTI Consulting in the 3rd quarter worth about $38,000. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Trading Down 1.7 %

NYSE:FCN traded down $3.24 on Friday, reaching $190.45. 273,539 shares of the stock traded hands, compared to its average volume of 178,565. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60. The company's fifty day simple moving average is $197.25 and its 200 day simple moving average is $212.33.

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 net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $926.00 million for the quarter, compared to analysts' expectations of $946.16 million. During the same quarter in the previous year, the company earned $2.34 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FCN. Truist Financial boosted their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd.

FTI Consulting 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.