Van ECK Associates Corp Has $5.88 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

Van ECK Associates Corp lifted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,737 shares of the business services provider's stock after buying an additional 8,487 shares during the period. Van ECK Associates Corp owned approximately 0.09% of FTI Consulting worth $5,875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. boosted its position in FTI Consulting by 3.2% during 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 acquiring an additional 123,177 shares during the period. Raymond James & Associates raised its stake in shares of FTI Consulting by 3.6% during the third quarter. Raymond James & Associates now owns 143,305 shares of the business services provider's stock valued at $32,610,000 after purchasing an additional 5,044 shares in the last quarter. Montanaro Asset Management Ltd lifted its holdings in FTI Consulting by 11.1% in the third quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider's stock worth $6,827,000 after purchasing an additional 3,000 shares during the period. Dakota Wealth Management grew its position in FTI Consulting by 570.2% in the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock valued at $1,246,000 after buying an additional 5,548 shares in the last quarter. Finally, Financial Enhancement Group LLC increased its stake in FTI Consulting by 92.0% during the 4th quarter. Financial Enhancement Group LLC now owns 46,569 shares of the business services provider's stock valued at $9,079,000 after buying an additional 22,310 shares during the period. 99.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FCN shares. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd. The Goldman Sachs Group cut their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Truist Financial lowered their price target on FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday.

FTI Consulting Stock Performance

Shares of NYSE:FCN traded up $1.52 during trading hours on Friday, hitting $164.51. 797,670 shares of the company's stock traded hands, compared to its average volume of 239,626. The company's fifty day simple moving average is $192.00 and its two-hundred day simple moving average is $206.78. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 18.91 and a beta of 0.15. FTI Consulting, Inc. has a 52 week low of $161.24 and a 52 week high of $243.60.

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