Quantbot Technologies LP Grows Position in FTI Consulting, Inc. (NYSE:FCN)

Quantbot Technologies LP grew its stake in FTI Consulting, Inc. (NYSE:FCN) by 101.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,939 shares of the business services provider’s stock after buying an additional 2,990 shares during the period. Quantbot Technologies LP’s holdings in FTI Consulting were worth $1,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCN. Pathstone Holdings LLC raised its stake in FTI Consulting by 7.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,416 shares of the business services provider’s stock worth $1,460,000 after acquiring an additional 452 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FTI Consulting by 1.8% in the third 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 lifted its holdings in shares of FTI Consulting by 644.3% during the third quarter. Cerity Partners LLC now owns 7,480 shares of the business services provider’s stock worth $1,702,000 after purchasing an additional 6,475 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in FTI Consulting in the third quarter valued at approximately $242,000. Finally, FMR LLC raised its position in FTI Consulting by 13.6% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Up 0.2 %

NYSE FCN opened at $161.17 on Wednesday. FTI Consulting, Inc. has a twelve month low of $158.88 and a twelve month high of $243.60. The stock has a 50-day moving average of $179.30 and a 200 day moving average of $197.66. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 20.66 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share 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 business had revenue of $894.92 million for 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 fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on FCN shares. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. The Goldman Sachs Group decreased their price target 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, Truist Financial cut their target price 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.

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.