Stephens Investment Management Group LLC Decreases Position in FTI Consulting, Inc. (NYSE:FCN)

Stephens Investment Management Group LLC reduced its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 474,292 shares of the business services provider’s stock after selling 744 shares during the period. FTI Consulting comprises 1.2% of Stephens Investment Management Group LLC’s portfolio, making the stock its 17th biggest holding. Stephens Investment Management Group LLC’s holdings in FTI Consulting were worth $90,651,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FCN. Prospera Private Wealth LLC acquired a new stake in shares of FTI Consulting in the third quarter worth approximately $34,000. Wilmington Savings Fund Society FSB acquired a new stake in FTI Consulting during the 3rd quarter worth $35,000. Quarry LP grew its holdings in shares of FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after buying an additional 125 shares in the last quarter. UMB Bank n.a. raised its position in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after buying an additional 72 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of FTI Consulting in the third quarter worth about $38,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Trading Up 0.2 %

Shares of FCN stock opened at $193.88 on Friday. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60. The company’s 50-day moving average price is $195.12 and its 200-day moving average price is $209.43. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 22.28 and a beta of 0.15.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a 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.