FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 127.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 762 shares of the business services provider’s stock after purchasing an additional 427 shares during the quarter. Venturi Wealth Management LLC’s holdings in FTI Consulting were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Asset Management Inc increased its position in shares of FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after purchasing an additional 55 shares during the last quarter. Rhumbline Advisers increased its position in shares of FTI Consulting by 3.7% during the 4th quarter. Rhumbline Advisers now owns 101,852 shares of the business services provider’s stock worth $19,467,000 after purchasing an additional 3,609 shares during the last quarter. Asset Management One Co. Ltd. grew its position in FTI Consulting by 206.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 16,807 shares of the business services provider’s stock valued at $3,233,000 after acquiring an additional 11,314 shares in the last quarter. Van ECK Associates Corp grew its position in FTI Consulting by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 30,737 shares of the business services provider’s stock valued at $5,875,000 after acquiring an additional 8,487 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in FTI Consulting by 1,215.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider’s stock valued at $9,291,000 after acquiring an additional 45,224 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on FCN shares. The Goldman Sachs Group dropped their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Truist Financial dropped their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $164.51 on Friday. The business has a 50-day simple moving average of $192.00 and a 200-day simple moving average of $206.71. The company has a market cap of $5.91 billion, a PE ratio of 21.09 and a beta of 0.15. FTI Consulting, Inc. has a one year low of $161.24 and a one year high of $243.60.

FTI Consulting (NYSE:FCN) last posted its earnings results 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). The business had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. On average, sell-side analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share 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.