Algert Global LLC Has $11.93 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Algert Global LLC grew its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 56.8% during the third quarter, HoldingsChannel.com reports. The firm owned 52,440 shares of the business services provider’s stock after purchasing an additional 19,001 shares during the period. Algert Global LLC’s holdings in FTI Consulting were worth $11,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mawer Investment Management Ltd. raised its holdings in FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after buying an additional 123,177 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of FTI Consulting during the third quarter valued at $23,351,000. American Century Companies Inc. raised its stake in shares of FTI Consulting by 76.3% during the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after acquiring an additional 97,244 shares during the last quarter. Greenvale Capital LLP lifted its holdings in shares of FTI Consulting by 30.9% during the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock worth $77,591,000 after purchasing an additional 85,000 shares during the period. Finally, Mountain Pacific Investment Advisers LLC grew its stake in shares of FTI Consulting by 563.7% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock worth $15,104,000 after purchasing an additional 56,373 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

FTI Consulting Stock Performance

NYSE:FCN opened at $201.91 on Friday. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60. The firm’s fifty day moving average is $214.84 and its 200-day moving average is $217.79. The firm has a market cap of $7.26 billion, a P/E ratio of 23.21 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same period last year, the company posted $2.34 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

About FTI Consulting

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.