Cynosure Group LLC Lowers Position in FTI Consulting, Inc. (NYSE:FCN)

Cynosure Group LLC trimmed its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 10.2% during the fourth quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. National Wealth Management Group LLC bought a new stake in FTI Consulting in the 4th quarter worth about $204,000. Franklin Resources Inc. grew its holdings in shares of FTI Consulting by 70.6% in the fourth quarter. Franklin Resources Inc. now owns 4,107 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 1,700 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of FTI Consulting by 9.3% during the fourth quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider’s stock valued at $141,600,000 after acquiring an additional 63,163 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in FTI Consulting during the fourth quarter worth $241,000. Finally, Mawer Investment Management Ltd. boosted its position in FTI Consulting by 3.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock worth $777,060,000 after purchasing an additional 149,276 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $158.09 on Friday. The business’s fifty day moving average price is $174.48 and its 200-day moving average price is $194.74. FTI Consulting, Inc. has a one year low of $157.46 and a one year high of $243.60. The stock has a market capitalization of $5.68 billion, a PE ratio of 20.27 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 20th. 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 13.15% and a net margin of 7.57%. The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Truist Financial lowered FTI Consulting from a “buy” rating to a “hold” rating and decreased their target price for the company from $225.00 to $178.00 in a research report on Wednesday. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, The Goldman Sachs Group dropped their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st.

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.