Quadrature Capital Ltd bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,506 shares of the business services provider's stock, valued at approximately $798,000.
Several other large investors also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position in shares of FTI Consulting by 79.7% in the 3rd quarter. Quantinno Capital Management LP now owns 32,367 shares of the business services provider's stock worth $7,365,000 after buying an additional 14,351 shares in the last quarter. Quarry LP lifted its holdings in shares of FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at approximately $38,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of FTI Consulting during the 3rd quarter worth approximately $546,000. Finally, Captrust Financial Advisors raised its position in shares of FTI Consulting by 26.6% during the 3rd quarter. Captrust Financial Advisors now owns 4,496 shares of the business services provider's stock worth $1,023,000 after purchasing an additional 945 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.
A number of brokerages have commented on FCN. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Truist Financial lifted their price objective on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th.
Read Our Latest Research Report on FTI Consulting
FCN stock opened at $198.00 on Friday. The company has a 50 day moving average price of $209.84 and a two-hundred day moving average price of $216.29. The stock has a market capitalization of $7.12 billion, a P/E ratio of 22.76 and a beta of 0.12. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60.
FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.
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.
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