Aigen Investment Management LP Sells 2,494 Shares of FTI Consulting, Inc. (NYSE:FCN)

Aigen Investment Management LP lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 69.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,075 shares of the business services provider’s stock after selling 2,494 shares during the quarter. Aigen Investment Management LP’s holdings in FTI Consulting were worth $245,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FCN. UMB Bank n.a. increased its holdings in shares of FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after purchasing an additional 72 shares during the period. Signaturefd LLC raised its stake in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares in the last quarter. Covestor Ltd lifted its holdings in FTI Consulting by 76.4% during the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after acquiring an additional 190 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in FTI Consulting by 284.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after purchasing an additional 179 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FCN. Truist Financial upped 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. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Trading Down 0.4 %

Shares of FCN opened at $194.96 on Friday. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60. The firm has a fifty day simple moving average of $216.57 and a 200 day simple moving average of $218.28. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 22.41 and a beta of 0.12.

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

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.