Kennondale Capital Management LLC Invests $838,000 in FTI Consulting, Inc. (NYSE:FCN)

Kennondale Capital Management LLC acquired a new position in FTI Consulting, Inc. (NYSE:FCN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,383 shares of the business services provider’s stock, valued at approximately $838,000.

A number of other institutional investors have also made changes to their positions in the business. CIBC Asset Management Inc increased its stake in shares of FTI Consulting by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after purchasing an additional 55 shares during the period. Exchange Traded Concepts LLC grew its position in FTI Consulting by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock worth $657,000 after buying an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in FTI Consulting by 3.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock worth $457,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. grew its position in 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. Finally, Axxcess Wealth Management LLC grew its position in FTI Consulting by 6.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider’s stock worth $348,000 after buying an additional 103 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Trading Up 0.7 %

NYSE FCN opened at $163.80 on Tuesday. The stock’s 50 day moving average is $183.12 and its two-hundred day moving average is $200.24. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 21.00 and a beta of 0.14. FTI Consulting, Inc. has a 1-year low of $158.92 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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 company had revenue of $894.92 million for 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, analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FCN shares. The Goldman Sachs Group decreased their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Truist Financial decreased their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

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.