Martingale Asset Management L P Raises Holdings in FTI Consulting, Inc. (NYSE:FCN)

Martingale Asset Management L P boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,384 shares of the business services provider’s stock after buying an additional 3,297 shares during the period. Martingale Asset Management L P’s holdings in FTI Consulting were worth $7,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. raised its stake 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 worth $99,137,000 after buying an additional 513,549 shares during the period. Mawer Investment Management Ltd. grew its holdings in shares of FTI Consulting by 3.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock worth $777,060,000 after purchasing an additional 149,276 shares during the period. Raymond James Financial Inc. purchased a new position in FTI Consulting during the 4th quarter valued at about $27,726,000. Norges Bank purchased a new position in FTI Consulting during the 4th quarter valued at about $15,260,000. Finally, Alliancebernstein L.P. raised its position in FTI Consulting by 9.3% in the 4th quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider’s stock valued at $141,600,000 after purchasing an additional 63,163 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Up 5.7 %

NYSE FCN opened at $161.62 on Thursday. The business’s 50-day moving average price is $170.47 and its 200 day moving average price is $192.36. The company has a market capitalization of $5.81 billion, a PE ratio of 20.72 and a beta of 0.21. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60.

FTI Consulting (NYSE:FCN) last posted its 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 company had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. Equities analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analyst Upgrades and Downgrades

FCN has been the topic of several research analyst reports. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. The Goldman Sachs Group decreased their price target on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Finally, Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd.

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.