AlphaQuest LLC Purchases 2,444 Shares of FTI Consulting, Inc. (NYSE:FCN)

AlphaQuest LLC raised its position in FTI Consulting, Inc. (NYSE:FCN) by 129.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,329 shares of the business services provider’s stock after purchasing an additional 2,444 shares during the quarter. AlphaQuest LLC’s holdings in FTI Consulting were worth $827,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ieq Capital LLC raised its position in FTI Consulting by 214.4% in the fourth 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 last quarter. Mawer Investment Management Ltd. raised its position in shares of FTI Consulting by 3.2% during the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after acquiring an additional 123,177 shares during the last quarter. Dakota Wealth Management raised its position in shares of FTI Consulting by 570.2% during the fourth quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock worth $1,246,000 after acquiring an additional 5,548 shares during the last quarter. Versor Investments LP bought a new position in shares of FTI Consulting during the fourth quarter worth about $688,000. Finally, Financial Enhancement Group LLC raised its position in shares of FTI Consulting by 92.0% during the fourth quarter. Financial Enhancement Group LLC now owns 46,569 shares of the business services provider’s stock worth $9,079,000 after acquiring an additional 22,310 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

FTI Consulting Price Performance

NYSE FCN opened at $166.62 on Tuesday. The business has a 50 day simple moving average of $186.41 and a 200 day simple moving average of $202.79. FTI Consulting, Inc. has a one year low of $161.24 and a one year high of $243.60. The stock has a market capitalization of $5.99 billion, a P/E ratio of 21.36 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $913.70 million. Equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current 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.