FTI Consulting, Inc. (NYSE:FCN – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $180.86 and last traded at $173.76, with a volume of 27970 shares trading hands. The stock had previously closed at $190.16.
The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.
Institutional Investors Weigh In On FTI Consulting
Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its stake in FTI Consulting by 29.2% in the 4th quarter. Toronto Dominion Bank now owns 5,227 shares of the business services provider’s stock worth $998,000 after purchasing an additional 1,182 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of FTI Consulting by 16.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,736 shares of the business services provider’s stock valued at $23,076,000 after purchasing an additional 16,805 shares during the period. Vista Investment Management increased its position in shares of FTI Consulting by 7.3% during the fourth quarter. Vista Investment Management now owns 2,917 shares of the business services provider’s stock valued at $558,000 after purchasing an additional 199 shares during the period. iSAM Funds UK Ltd bought a new stake in FTI Consulting in the fourth quarter valued at $204,000. Finally, Vident Advisory LLC grew its holdings in shares of FTI Consulting by 15.6% during the fourth quarter. Vident Advisory LLC now owns 3,195 shares of the business services provider’s stock worth $611,000 after purchasing an additional 431 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.
FTI Consulting Price Performance
The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 20.03 and a beta of 0.15. The firm has a 50 day moving average price of $193.42 and a 200-day moving average price of $207.44.
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.
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