FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 17.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,890 shares of the business services provider’s stock after selling 8,990 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.12% of FTI Consulting worth $9,532,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after buying an additional 72 shares during the last quarter. Signaturefd LLC increased its stake in FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Covestor Ltd raised its holdings in shares of FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after buying an additional 94 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after buying an additional 190 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of FTI Consulting by 284.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analysts Set New Price Targets

FCN has been the subject of several analyst reports. Truist Financial upped their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Trading Up 2.0 %

Shares of FCN stock opened at $204.82 on Friday. The stock has a 50 day simple moving average of $219.39 and a 200-day simple moving average of $218.79. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 23.54 and a beta of 0.12. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data 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 company had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the business earned $2.34 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts forecast that FTI Consulting, Inc. will post 8.1 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.