Cynosure Group LLC Has $272,000 Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Cynosure Group LLC lessened its holdings in FTI Consulting, Inc. (NYSE:FCN) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,423 shares of the business services provider’s stock after selling 161 shares during the quarter. Cynosure Group LLC’s holdings in FTI Consulting were worth $272,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in FTI Consulting during the 3rd quarter worth about $35,000. Quarry LP lifted its position in shares of FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 197 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 99 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in FTI Consulting by 51.4% during the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock worth $90,000 after buying an additional 160 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FCN has been the topic of several research analyst reports. The Goldman Sachs Group cut their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Truist Financial lowered shares of FTI Consulting from a “buy” rating to a “hold” rating and cut their target price for the stock from $225.00 to $178.00 in a research note on Wednesday.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $158.09 on Friday. The stock has a market capitalization of $5.68 billion, a PE ratio of 20.27 and a beta of 0.14. FTI Consulting, Inc. has a 52 week low of $157.46 and a 52 week high of $243.60. The stock has a 50 day moving average price of $174.48 and a two-hundred day moving average price of $194.74.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. Research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting 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.