Kayne Anderson Rudnick Investment Management LLC Sells 60,933 Shares of FTI Consulting, Inc. (NYSE:FCN)

Kayne Anderson Rudnick Investment Management LLC cut its holdings in FTI Consulting, Inc. (NYSE:FCN) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,386,286 shares of the business services provider’s stock after selling 60,933 shares during the period. FTI Consulting comprises approximately 1.5% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 14th largest position. Kayne Anderson Rudnick Investment Management LLC owned 0.09% of FTI Consulting worth $647,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mawer Investment Management Ltd. increased its holdings in FTI Consulting by 3.8% in 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 purchasing an additional 149,276 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of FTI Consulting by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock valued at $681,249,000 after acquiring an additional 23,419 shares during the period. Alliancebernstein L.P. boosted its stake in FTI Consulting by 9.3% during the fourth quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider’s stock worth $141,600,000 after acquiring an additional 63,163 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in FTI Consulting by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 701,033 shares of the business services provider’s stock worth $133,987,000 after purchasing an additional 23,784 shares during the period. Finally, Black Creek Investment Management Inc. raised its holdings in shares of FTI Consulting by 166.1% during 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 purchasing an additional 407,631 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Up 0.9 %

Shares of NYSE:FCN opened at $165.32 on Friday. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 21.19 and a beta of 0.21. The business’s 50 day moving average is $166.37 and its 200 day moving average is $189.32. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-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 the consensus estimate of $1.73 by ($0.17). The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.