FTI Consulting (NYSE:FCN) Sees Unusually-High Trading Volume – Here’s What Happened

FTI Consulting, Inc. (NYSE:FCNGet Free Report) shares saw strong trading volume on Tuesday . 286,590 shares traded hands during mid-day trading, an increase of 66% from the previous session’s volume of 172,661 shares.The stock last traded at $192.56 and had previously closed at $190.53.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial boosted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

Check Out Our Latest Report on FTI Consulting

FTI Consulting Stock Performance

The stock has a market cap of $6.89 billion, a PE ratio of 22.02 and a beta of 0.14. The stock has a fifty day simple moving average of $196.43 and a two-hundred day simple moving average of $211.65.

FTI Consulting (NYSE:FCNGet 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). The company had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.34 EPS. On average, equities analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Hedge Funds Weigh In On FTI Consulting

Several institutional investors and hedge funds have recently made changes to their positions in FCN. Pacer Advisors Inc. raised its position in shares of FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock valued at $99,137,000 after acquiring an additional 513,549 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of 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 valued at $891,201,000 after acquiring an additional 123,177 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of FTI Consulting during the 3rd quarter valued at approximately $23,351,000. Greenvale Capital LLP raised its position in shares of FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after acquiring an additional 85,000 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC raised its position in shares of FTI Consulting by 563.7% during the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock valued at $15,104,000 after acquiring an additional 56,373 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Company Profile

(Get Free Report)

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.

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