Proficio Capital Partners LLC Takes Position in FTI Consulting, Inc. (NYSE:FCN)

Proficio Capital Partners LLC bought a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,468 shares of the business services provider's stock, valued at approximately $2,192,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FCN. Prospera Private Wealth LLC purchased a new position in FTI Consulting in the 3rd quarter worth about $34,000. Wilmington Savings Fund Society FSB purchased a new position in FTI Consulting in the 3rd quarter worth about $35,000. Quarry LP increased its stake in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock worth $37,000 after buying an additional 125 shares during the period. True Wealth Design LLC purchased a new position in FTI Consulting in the 3rd quarter worth about $38,000. Finally, Jones Financial Companies Lllp increased its stake in FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after buying an additional 197 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Performance

FTI Consulting stock traded down $1.88 during midday trading on Friday, hitting $160.02. 1,379,302 shares of the company's stock were exchanged, compared to its average volume of 199,826. FTI Consulting, Inc. has a 12 month low of $158.88 and a 12 month high of $243.60. The firm has a 50-day moving average of $180.70 and a two-hundred day moving average of $198.83. The company has a market cap of $5.75 billion, a PE ratio of 20.52 and a beta of 0.14.

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FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Thursday. Truist Financial reduced their price target on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, The Goldman Sachs Group reduced their price target 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 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.