Renaissance Group LLC Grows Position in FTI Consulting, Inc. (NYSE:FCN)

Renaissance Group LLC grew its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,063 shares of the business services provider's stock after acquiring an additional 1,658 shares during the quarter. Renaissance Group LLC owned about 0.05% of FTI Consulting worth $3,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. grew its position in FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after purchasing an additional 513,549 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of FTI Consulting by 3.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock worth $777,060,000 after buying an additional 149,276 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of FTI Consulting during the fourth quarter worth about $27,726,000. Norges Bank acquired a new position in FTI Consulting in the 4th quarter valued at about $15,260,000. Finally, Alliancebernstein L.P. raised its stake in FTI Consulting by 9.3% during the 4th quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider's stock valued at $141,600,000 after acquiring an additional 63,163 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

FCN has been the subject of several analyst reports. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and decreased their price target for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. 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 research note on Friday, February 21st. Finally, StockNews.com lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd.

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FTI Consulting Price Performance

Shares of NYSE FCN traded up $0.11 during trading on Monday, hitting $164.72. 92,187 shares of the company were exchanged, compared to its average volume of 340,446. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 21.12 and a beta of 0.21. The firm's fifty day moving average price is $169.21 and its 200 day moving average price is $191.21.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data 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 company had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. On average, research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

About FTI Consulting

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.