Semanteon Capital Management LP Purchases New Holdings in FTI Consulting, Inc. (NYSE:FCN)

Semanteon Capital Management LP acquired a new stake in FTI Consulting, Inc. (NYSE:FCN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,451 shares of the business services provider’s stock, valued at approximately $1,424,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in FTI Consulting by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after buying an additional 8,032 shares in the last quarter. Isthmus Partners LLC acquired a new position in shares of FTI Consulting in the 4th quarter valued at $447,000. Ieq Capital LLC lifted its stake in shares of FTI Consulting by 214.4% in the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider’s stock valued at $1,161,000 after purchasing an additional 4,142 shares during the period. Dakota Wealth Management lifted its stake in shares of FTI Consulting by 570.2% in the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock valued at $1,246,000 after purchasing an additional 5,548 shares during the period. Finally, Versor Investments LP bought a new stake in shares of FTI Consulting in the 4th quarter valued at $688,000. 99.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on FCN. The Goldman Sachs Group lowered their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Truist Financial cut their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $161.73 on Friday. The company’s 50 day simple moving average is $181.35 and its 200 day simple moving average is $199.30. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 20.73 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $158.92 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

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.