Magnetar Financial LLC Buys Shares of 6,092 FTI Consulting, Inc. (NYSE:FCN)

Magnetar Financial LLC bought a new stake in FTI Consulting, Inc. (NYSE:FCN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,092 shares of the business services provider’s stock, valued at approximately $1,164,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Prospera Private Wealth LLC acquired a new position in FTI Consulting during the 3rd quarter valued at about $34,000. Wilmington Savings Fund Society FSB acquired a new position in FTI Consulting during the 3rd quarter valued at about $35,000. Quarry LP boosted its stake in FTI Consulting by 337.8% during 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 period. True Wealth Design LLC acquired a new position in FTI Consulting during the 3rd quarter valued at about $38,000. Finally, 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 valued at $47,000 after purchasing an additional 197 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Down 1.2 %

Shares of NYSE FCN opened at $160.02 on Friday. FTI Consulting, Inc. has a 52-week low of $158.88 and a 52-week high of $243.60. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 20.52 and a beta of 0.14. The stock’s fifty day simple moving average is $180.70 and its 200 day simple moving average is $198.83.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data 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). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 21st. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st.

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.