FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 123.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,962 shares of the business services provider's stock after buying an additional 2,739 shares during the quarter. WINTON GROUP Ltd's holdings in FTI Consulting were worth $948,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of FTI Consulting during the third quarter valued at approximately $35,000. Quarry LP raised its stake in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. True Wealth Design LLC purchased a new position in FTI Consulting in the 3rd quarter valued at $38,000. Jones Financial Companies Lllp boosted its stake in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after purchasing an additional 197 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of FTI Consulting by 59.6% during 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 in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

Shares of FCN stock traded down $2.03 on Wednesday, hitting $162.09. 324,140 shares of the stock traded hands, compared to its average volume of 210,565. FTI Consulting, Inc. has a twelve month low of $157.67 and a twelve month high of $243.60. The firm's 50-day moving average price is $176.37 and its two-hundred day moving average price is $195.67. The stock has a market capitalization of $5.82 billion, a PE ratio of 20.78 and a beta of 0.14.

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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). The firm had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FCN shares. The Goldman Sachs Group decreased their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Truist Financial lowered shares of FTI Consulting from a "buy" rating to a "hold" rating and decreased their target price for the stock from $225.00 to $178.00 in a research note on Wednesday. Finally, StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th.

FTI Consulting 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.