Public Employees Retirement System of Ohio Reduces Stake in FTI Consulting, Inc. (NYSE:FCN)

Public Employees Retirement System of Ohio cut its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.0% during the third quarter, HoldingsChannel reports. The firm owned 20,684 shares of the business services provider’s stock after selling 650 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in FTI Consulting were worth $4,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in shares of FTI Consulting by 298.4% during the 2nd quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock valued at $875,000 after purchasing an additional 3,041 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of FTI Consulting by 4.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider’s stock valued at $241,000 after acquiring an additional 52 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of FTI Consulting by 325.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,576 shares of the business services provider’s stock worth $1,202,000 after acquiring an additional 4,266 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of FTI Consulting by 229.1% during the 2nd quarter. Blue Trust Inc. now owns 836 shares of the business services provider’s stock worth $176,000 after purchasing an additional 582 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in FTI Consulting by 61.0% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,857 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 1,083 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FCN shares. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial raised their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Trading Down 0.5 %

NYSE FCN opened at $198.67 on Friday. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60. The company’s 50-day moving average price is $207.15 and its 200-day moving average price is $215.57. The stock has a market cap of $7.14 billion, a PE ratio of 22.84 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last issued its earnings results 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 return on equity of 14.79% and a net margin of 8.37%. The company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same quarter in the prior year, the company earned $2.34 earnings per share. FTI Consulting’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current 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.