Rhumbline Advisers Boosts Stake in FTI Consulting, Inc. (NYSE:FCN)

Rhumbline Advisers increased its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,852 shares of the business services provider's stock after buying an additional 3,609 shares during the period. Rhumbline Advisers owned about 0.28% of FTI Consulting worth $19,467,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock valued at $99,137,000 after purchasing an additional 513,549 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock worth $891,201,000 after buying an additional 123,177 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in FTI Consulting in the 3rd quarter valued at about $23,351,000. Allspring Global Investments Holdings LLC increased its stake in shares of FTI Consulting by 1,215.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider's stock valued at $9,291,000 after acquiring an additional 45,224 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of FTI Consulting by 13.6% during the 3rd quarter. FMR LLC now owns 325,680 shares of the business services provider's stock worth $74,112,000 after acquiring an additional 38,977 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

FCN has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered 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. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Finally, Truist Financial dropped their price objective on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a report on Friday.

FTI Consulting Price Performance

FCN stock traded up $1.52 during midday trading on Friday, reaching $164.51. 797,670 shares of the company's stock traded hands, compared to its average volume of 239,626. FTI Consulting, Inc. has a fifty-two week low of $161.24 and a fifty-two week high of $243.60. The business has a 50-day moving average price of $192.68 and a two-hundred day moving average price of $207.13. The company has a market capitalization of $5.91 billion, a P/E ratio of 18.91 and a beta of 0.15.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal 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.