Farringdon Capital Ltd. Makes New Investment in FTI Consulting, Inc. (NYSE:FCN)

Farringdon Capital Ltd. bought a new stake in FTI Consulting, Inc. (NYSE:FCN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,879 shares of the business services provider’s stock, valued at approximately $359,000.

A number of other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in FTI Consulting by 9,995.1% in the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock valued at $99,137,000 after buying an additional 513,549 shares in the last quarter. Black Creek Investment Management Inc. grew its stake in shares of FTI Consulting by 166.1% in the fourth quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider’s stock valued at $124,804,000 after acquiring an additional 407,631 shares in the last quarter. Mawer Investment Management Ltd. increased its position in FTI Consulting by 3.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock worth $777,060,000 after acquiring an additional 149,276 shares during the period. Raymond James Financial Inc. acquired a new stake in FTI Consulting in the 4th quarter worth about $27,726,000. Finally, Norges Bank bought a new stake in FTI Consulting in the 4th quarter valued at about $15,260,000. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Up 0.9 %

NYSE FCN opened at $165.32 on Friday. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 21.19 and a beta of 0.21. The firm’s 50 day simple moving average is $166.92 and its 200 day simple moving average is $190.01.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results 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 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 the consensus estimate of $913.70 million. On average, equities research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on FCN. Truist Financial cut shares of FTI Consulting from a “buy” rating to a “hold” rating and lowered their target price for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. The Goldman Sachs Group dropped their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd.

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.