Quantbot Technologies LP Increases Position in FTI Consulting, Inc. (NYSE:FCN)

Quantbot Technologies LP lifted its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 101.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,939 shares of the business services provider's stock after buying an additional 2,990 shares during the quarter. Quantbot Technologies LP's holdings in FTI Consulting were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FCN. CIBC Asset Management Inc raised its stake in FTI Consulting by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock valued at $207,000 after buying an additional 55 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in FTI Consulting by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock worth $657,000 after purchasing an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in FTI Consulting by 3.9% during the 4th 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. UMB Bank n.a. raised its holdings 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 worth $51,000 after buying an additional 99 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in FTI Consulting by 6.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock valued at $348,000 after purchasing an additional 103 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

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FTI Consulting Stock Down 0.7 %

FCN stock traded down $1.08 during mid-day trading on Friday, hitting $162.28. The company had a trading volume of 223,288 shares, compared to its average volume of 208,787. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 20.80 and a beta of 0.14. The company has a 50-day moving average price of $177.51 and a 200 day moving average price of $196.64. FTI Consulting, Inc. has a 12-month low of $158.88 and a 12-month high of $243.60.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FCN shares. Truist Financial decreased their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 21st. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group reduced their target price on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report 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.