MetLife Investment Management LLC Trims Position in FTI Consulting, Inc. (NYSE:FCN)

MetLife Investment Management LLC lowered its position in FTI Consulting, Inc. (NYSE:FCN) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,234 shares of the business services provider’s stock after selling 240 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of FTI Consulting worth $4,149,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mawer Investment Management Ltd. boosted its position in shares of FTI Consulting by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after purchasing an additional 123,177 shares during the period. CWA Asset Management Group LLC purchased a new stake in FTI Consulting during the 3rd quarter worth about $23,351,000. American Century Companies Inc. increased 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 worth $48,439,000 after buying an additional 97,244 shares during the period. Greenvale Capital LLP raised its holdings in shares of FTI Consulting by 30.9% in the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after purchasing an additional 85,000 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC lifted its position in shares of FTI Consulting by 563.7% during the 3rd 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FCN. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial lifted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Stock Down 0.4 %

Shares of NYSE:FCN opened at $201.76 on Tuesday. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60. The company has a market cap of $7.25 billion, a P/E ratio of 23.19 and a beta of 0.12. The company has a 50-day moving average price of $211.84 and a 200 day moving average price of $216.85.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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 return on equity of 14.79% and a net margin of 8.37%. The company had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $946.16 million. During the same period in the prior year, the firm posted $2.34 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

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.