FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC increased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 214.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,074 shares of the business services provider’s stock after acquiring an additional 4,142 shares during the period. Ieq Capital LLC’s holdings in FTI Consulting were worth $1,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FCN. Peregrine Capital Management LLC boosted its stake in shares of FTI Consulting by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 73,623 shares of the business services provider’s stock valued at $14,072,000 after purchasing an additional 1,304 shares during the period. Venturi Wealth Management LLC lifted its holdings in FTI Consulting by 127.5% during the 4th quarter. Venturi Wealth Management LLC now owns 762 shares of the business services provider’s stock worth $146,000 after buying an additional 427 shares in the last quarter. CIBC Asset Management Inc boosted its position in FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock valued at $207,000 after buying an additional 55 shares during the period. Rhumbline Advisers grew its stake in shares of FTI Consulting by 3.7% in the fourth quarter. Rhumbline Advisers now owns 101,852 shares of the business services provider’s stock worth $19,467,000 after acquiring an additional 3,609 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of FTI Consulting by 206.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 16,807 shares of the business services provider’s stock worth $3,233,000 after acquiring an additional 11,314 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FTI Consulting Price Performance

Shares of NYSE FCN opened at $165.93 on Tuesday. The business has a 50-day moving average of $191.33 and a two-hundred day moving average of $206.28. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 21.27 and a beta of 0.15. FTI Consulting, Inc. has a 1 year low of $161.24 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current 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.