FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC boosted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 41.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,868 shares of the business services provider’s stock after acquiring an additional 27,495 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in FTI Consulting were worth $17,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after purchasing an additional 99 shares in the last quarter. Diversify Wealth Management LLC grew its stake in FTI Consulting by 18.1% during the 4th quarter. Diversify Wealth Management LLC now owns 5,603 shares of the business services provider’s stock worth $1,080,000 after purchasing an additional 860 shares in the last quarter. DB Fitzpatrick & Co Inc increased its holdings in FTI Consulting by 19.7% during the 4th quarter. DB Fitzpatrick & Co Inc now owns 7,207 shares of the business services provider’s stock worth $1,377,000 after purchasing an additional 1,185 shares during the period. Financial Enhancement Group LLC raised its holdings in FTI Consulting by 92.0% in the fourth quarter. Financial Enhancement Group LLC now owns 46,569 shares of the business services provider’s stock valued at $9,079,000 after acquiring an additional 22,310 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of FTI Consulting by 126.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 12,629 shares of the business services provider’s stock worth $2,414,000 after purchasing an additional 7,053 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Down 1.7 %

NYSE:FCN opened at $190.45 on Tuesday. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week high of $243.60. The company has a market capitalization of $6.84 billion, a PE ratio of 21.89 and a beta of 0.14. The stock’s 50 day moving average price is $196.71 and its 200 day moving average price is $211.91.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial increased their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Company 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.