FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Atria Investments Inc

Atria Investments Inc lifted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 7.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,966 shares of the business services provider’s stock after acquiring an additional 858 shares during the period. Atria Investments Inc’s holdings in FTI Consulting were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in shares of FTI Consulting during the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting during the 3rd quarter valued at approximately $35,000. Quarry LP lifted its position in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after buying an additional 125 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of FTI Consulting during the 3rd quarter valued at approximately $38,000. Finally, Jones Financial Companies Lllp lifted its position in shares of FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after buying an additional 197 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of FCN stock opened at $169.87 on Monday. The stock’s fifty day moving average is $186.41 and its two-hundred day moving average is $202.79. The firm has a market capitalization of $6.10 billion, a P/E ratio of 21.78 and a beta of 0.14. FTI Consulting, Inc. has a fifty-two week low of $161.24 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data 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). The firm had revenue of $894.92 million during the quarter, compared to analysts’ expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FCN. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Truist Financial decreased their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group decreased their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report 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.