Atria Investments Inc Grows Position in FTI Consulting, Inc. (NYSE:FCN)

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

A number of other hedge funds also recently added to or reduced their stakes in FCN. Prospera Private Wealth LLC purchased a new stake in FTI Consulting in the third quarter worth about $34,000. Wilmington Savings Fund Society FSB purchased a new stake in FTI Consulting in the third quarter worth about $35,000. Quarry LP lifted its stake in FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares during the period. True Wealth Design LLC purchased a new stake in shares of FTI Consulting during the third quarter valued at about $38,000. Finally, Jones Financial Companies Lllp lifted its position in shares of FTI Consulting by 394.0% during the fourth 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 during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FCN has been the subject of several analyst reports. Truist Financial decreased their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price target 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. Finally, StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, February 21st.

FTI Consulting Stock Up 0.7 %

FCN opened at $169.87 on Monday. FTI Consulting, Inc. has a 52-week low of $161.24 and a 52-week high of $243.60. The company has a market cap of $6.10 billion, a P/E ratio of 21.78 and a beta of 0.14. The firm’s 50-day moving average price is $186.41 and its 200-day moving average price is $202.79.

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

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.