Venturi Wealth Management LLC Has $76,000 Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Venturi Wealth Management LLC lifted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 82.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335 shares of the business services provider’s stock after purchasing an additional 151 shares during the quarter. Venturi Wealth Management LLC’s holdings in FTI Consulting were worth $76,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. increased its position in FTI Consulting by 176.5% during the third quarter. Crossmark Global Holdings Inc. now owns 6,454 shares of the business services provider’s stock worth $1,469,000 after buying an additional 4,120 shares during the last quarter. Colonial River Investments LLC acquired a new position in shares of FTI Consulting during the 3rd quarter valued at about $392,000. Montanaro Asset Management Ltd raised its stake in shares of FTI Consulting by 11.1% in the 3rd quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider’s stock valued at $6,827,000 after acquiring an additional 3,000 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in FTI Consulting during the third quarter worth approximately $391,000. Finally, Atria Investments Inc boosted its position in FTI Consulting by 7.4% during the third quarter. Atria Investments Inc now owns 11,108 shares of the business services provider’s stock worth $2,528,000 after purchasing an additional 767 shares during the period. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 2.0 %

Shares of NYSE FCN opened at $196.00 on Friday. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60. The company has a market cap of $7.04 billion, a P/E ratio of 22.53 and a beta of 0.12. The business’s 50 day moving average is $217.02 and its two-hundred day moving average is $218.38.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FCN shares. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial upped their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th.

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.