FTI Consulting, Inc. (NYSE:FCN) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 18.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 490 shares of the business services provider’s stock after selling 108 shares during the quarter. GAMMA Investing LLC’s holdings in FTI Consulting were worth $94,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FCN. Quest Partners LLC boosted its position in FTI Consulting by 1,896.7% during the second quarter. Quest Partners LLC now owns 1,218 shares of the business services provider’s stock worth $263,000 after purchasing an additional 1,157 shares in the last quarter. Choreo LLC purchased a new position in FTI Consulting during the second quarter worth approximately $226,000. AGF Management Ltd. boosted its position in FTI Consulting by 6.2% during the second quarter. AGF Management Ltd. now owns 11,005 shares of the business services provider’s stock worth $2,372,000 after purchasing an additional 639 shares in the last quarter. American Century Companies Inc. boosted its position in FTI Consulting by 76.3% during the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock worth $48,439,000 after purchasing an additional 97,244 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in FTI Consulting by 3.2% during the second quarter. GHP Investment Advisors Inc. now owns 26,187 shares of the business services provider’s stock worth $5,644,000 after purchasing an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

NYSE:FCN opened at $192.87 on Friday. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The stock has a market cap of $6.93 billion, a PE ratio of 22.17 and a beta of 0.14. The stock has a 50 day moving average price of $197.89 and a 200 day moving average price of $213.04.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). The business had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. FTI Consulting’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $2.34 EPS. As a group, analysts predict that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.