Genesis Private Wealth LLC Invests $245,000 in FTI Consulting, Inc. (NYSE:FCN)

Genesis Private Wealth LLC acquired a new position in FTI Consulting, Inc. (NYSE:FCN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,282 shares of the business services provider’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after buying an additional 72 shares during the last quarter. Truist Financial Corp lifted its stake in shares of FTI Consulting by 2.1% in the second quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock worth $810,000 after buying an additional 76 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of FTI Consulting by 1.1% in the second quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider’s stock worth $1,764,000 after buying an additional 86 shares during the last quarter. Cabot Wealth Management Inc. increased its position in FTI Consulting by 0.6% during the third quarter. Cabot Wealth Management Inc. now owns 15,271 shares of the business services provider’s stock worth $3,475,000 after acquiring an additional 94 shares during the period. Finally, Portside Wealth Group LLC increased its position in FTI Consulting by 6.9% during the third quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider’s stock worth $356,000 after acquiring an additional 101 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $194.96 on Wednesday. The company’s fifty day moving average price is $196.57 and its two-hundred day moving average price is $211.78. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week high of $243.60. The firm has a market capitalization of $7.01 billion, a PE ratio of 22.41 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same period in the previous year, the company posted $2.34 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FCN. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial boosted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th.

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.