Quantbot Technologies LP Boosts Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Quantbot Technologies LP grew its position in FTI Consulting, Inc. (NYSE:FCN) by 101.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,939 shares of the business services provider’s stock after buying an additional 2,990 shares during the quarter. Quantbot Technologies LP’s holdings in FTI Consulting were worth $1,135,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FCN. Pathstone Holdings LLC increased its position in shares of FTI Consulting by 7.6% during the third quarter. Pathstone Holdings LLC now owns 6,416 shares of the business services provider’s stock worth $1,460,000 after purchasing an additional 452 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FTI Consulting by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider’s stock worth $98,027,000 after purchasing an additional 7,804 shares during the last quarter. Cerity Partners LLC raised its position in shares of FTI Consulting by 644.3% in the third quarter. Cerity Partners LLC now owns 7,480 shares of the business services provider’s stock valued at $1,702,000 after buying an additional 6,475 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of FTI Consulting in the third quarter valued at about $242,000. Finally, FMR LLC lifted its stake in shares of FTI Consulting by 13.6% in the third quarter. FMR LLC now owns 325,680 shares of the business services provider’s stock worth $74,112,000 after buying an additional 38,977 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Truist Financial dropped their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group reduced their price objective 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.

FTI Consulting Trading Up 0.2 %

FTI Consulting stock opened at $161.17 on Wednesday. The company has a 50-day moving average price of $179.30 and a 200 day moving average price of $197.66. FTI Consulting, Inc. has a 12-month low of $158.88 and a 12-month high of $243.60. The stock has a market cap of $5.79 billion, a P/E ratio of 20.66 and a beta of 0.14.

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 return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

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.