FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Financial Enhancement Group LLC

Financial Enhancement Group LLC decreased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 35.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,259 shares of the business services provider’s stock after selling 13,606 shares during the period. Financial Enhancement Group LLC owned 0.07% of FTI Consulting worth $5,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in FTI Consulting by 458.7% in the 1st quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock valued at $3,652,000 after purchasing an additional 14,193 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in FTI Consulting during the 1st quarter worth approximately $584,000. Sei Investments Co. increased its holdings in shares of FTI Consulting by 4.3% in the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock valued at $23,782,000 after purchasing an additional 4,516 shares during the period. DB Fitzpatrick & Co Inc increased its stake in FTI Consulting by 135.1% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after buying an additional 3,408 shares during the period. Finally, SG Americas Securities LLC raised its holdings in FTI Consulting by 298.4% during the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock worth $875,000 after purchasing an additional 3,041 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

FCN has been the topic of several recent analyst reports. Truist Financial boosted their target price on 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 shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $201.01 on Thursday. The firm has a market capitalization of $7.22 billion, a PE ratio of 23.10 and a beta of 0.12. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60. The business has a 50-day moving average of $219.78 and a two-hundred day moving average of $218.89.

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 net margin of 8.37% and a return on equity of 14.79%. The business had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. During the same period in the prior year, the business posted $2.34 EPS. The business’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share 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.