Quadrature Capital Ltd Buys New Position in FTI Consulting, Inc. (NYSE:FCN)

Quadrature Capital Ltd bought a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,506 shares of the business services provider's stock, valued at approximately $798,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in FTI Consulting in the third quarter worth about $34,000. Quarry LP boosted its stake in shares of FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. UMB Bank n.a. grew its position in shares of FTI Consulting by 76.6% during the 3rd 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 period. True Wealth Design LLC bought a new stake in shares of FTI Consulting during the third quarter worth approximately $38,000. Finally, Signaturefd LLC lifted its holdings in FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock valued at $44,000 after buying an additional 81 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Trading Down 1.0 %

Shares of NYSE:FCN traded down $1.92 during mid-day trading on Friday, reaching $198.00. The stock had a trading volume of 197,309 shares, compared to its average volume of 185,085. The firm has a 50 day simple moving average of $209.84 and a two-hundred day simple moving average of $216.29. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60. The firm has a market cap of $7.12 billion, a PE ratio of 22.76 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last posted 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). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the business 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 analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on FCN. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Truist Financial lifted their price objective on 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.