FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Colonial River Investments LLC

Colonial River Investments LLC raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,831 shares of the business services provider’s stock after buying an additional 108 shares during the period. Colonial River Investments LLC’s holdings in FTI Consulting were worth $350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mawer Investment Management Ltd. lifted its position in FTI Consulting by 3.2% during the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after buying an additional 123,177 shares in the last quarter. Montanaro Asset Management Ltd lifted its position in FTI Consulting by 11.1% during the third quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider’s stock valued at $6,827,000 after buying an additional 3,000 shares in the last quarter. Dakota Wealth Management lifted its position in FTI Consulting by 570.2% during the fourth 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. Financial Enhancement Group LLC lifted its position in FTI Consulting by 92.0% during the fourth 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 in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in FTI Consulting by 176.5% during the third quarter. Crossmark Global Holdings Inc. now owns 6,454 shares of the business services provider’s stock valued at $1,469,000 after buying an additional 4,120 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FCN has been the topic of a number of recent research reports. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group reduced their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday.

FTI Consulting Trading Up 0.9 %

NYSE FCN opened at $164.51 on Monday. The company’s fifty day simple moving average is $192.00 and its 200-day simple moving average is $206.66. FTI Consulting, Inc. has a 52 week low of $161.24 and a 52 week high of $243.60. The stock has a market cap of $5.91 billion, a P/E ratio of 21.09 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). The company 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, research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting Company 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.