Van ECK Associates Corp Has $5.11 Million Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Van ECK Associates Corp raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 40.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,250 shares of the business services provider's stock after buying an additional 6,358 shares during the period. Van ECK Associates Corp owned approximately 0.06% of FTI Consulting worth $5,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FCN. UMB Bank n.a. increased its stake in shares of FTI Consulting by 76.6% during the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock valued at $38,000 after acquiring an additional 72 shares during the period. Signaturefd LLC increased its position in shares of FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock valued at $44,000 after purchasing an additional 81 shares during the period. Covestor Ltd increased its position in shares of FTI Consulting by 76.4% during the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider's stock valued at $46,000 after purchasing an additional 94 shares during the period. Versant Capital Management Inc raised its stake in shares of FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider's stock worth $48,000 after buying an additional 190 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in FTI Consulting by 284.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider's stock valued at $52,000 after buying an additional 179 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Price Performance

Shares of FCN traded down $0.61 during trading hours on Friday, hitting $204.27. 196,444 shares of the company were exchanged, compared to its average volume of 248,193. The company has a market capitalization of $7.34 billion, a PE ratio of 23.48 and a beta of 0.12. The firm has a fifty day simple moving average of $218.90 and a 200-day simple moving average of $218.78. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The company 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 earned $2.34 EPS. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FCN. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd. Truist Financial boosted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th.

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.