AlphaQuest LLC Has $827,000 Position in FTI Consulting, Inc. (NYSE:FCN)

AlphaQuest LLC increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 129.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,329 shares of the business services provider’s stock after acquiring 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.

A number of other institutional investors have also made changes to their positions in FCN. Prospera Private Wealth LLC acquired a new position in shares of FTI Consulting during the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FTI Consulting during the 3rd quarter worth approximately $35,000. Quarry LP increased its holdings 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 worth $37,000 after acquiring an additional 125 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of FTI Consulting during the 3rd quarter worth approximately $38,000. Finally, Jones Financial Companies Lllp increased its holdings 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 worth $47,000 after acquiring an additional 197 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

FCN opened at $166.62 on Tuesday. The firm has a market cap of $5.99 billion, a P/E ratio of 21.36 and a beta of 0.14. FTI Consulting, Inc. has a 52-week low of $161.24 and a 52-week high of $243.60. The business’s fifty day moving average is $186.41 and its 200-day moving average is $202.79.

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 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 the consensus estimate of $913.70 million. On average, research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.