FTI Consulting, Inc. (NYSE:FCN) Position Increased by Colonial River Investments LLC

Colonial River Investments LLC raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,831 shares of the business services provider’s stock after purchasing an additional 108 shares during the period. Colonial River Investments LLC’s holdings in FTI Consulting were worth $350,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new stake in FTI Consulting during the third quarter valued at $34,000. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting during the third quarter worth about $35,000. Quarry LP grew its position in shares of FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares during the last quarter. True Wealth Design LLC bought a new position in shares of FTI Consulting during the third quarter worth about $38,000. Finally, UMB Bank n.a. grew its position in shares of FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Up 0.9 %

FCN stock opened at $164.51 on Monday. The company has a market capitalization of $5.91 billion, a P/E ratio of 21.09 and a beta of 0.15. The company has a 50-day simple moving average of $192.00 and a 200 day simple moving average of $206.66. FTI Consulting, Inc. has a fifty-two week low of $161.24 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data 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). The company had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. Equities analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on FCN shares. Truist Financial lowered their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday. Finally, The Goldman Sachs Group lowered 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 report on Friday.

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.