Entropy Technologies LP Boosts Holdings in FTI Consulting, Inc. (NYSE:FCN)

Entropy Technologies LP increased its stake in FTI Consulting, Inc. (NYSE:FCN) by 32.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,450 shares of the business services provider’s stock after acquiring an additional 600 shares during the period. Entropy Technologies LP’s holdings in FTI Consulting were worth $558,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in FTI Consulting by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider’s stock worth $249,714,000 after acquiring an additional 35,599 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of FTI Consulting by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after acquiring an additional 39,271 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in shares of FTI Consulting by 7.7% in the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after buying an additional 34,144 shares during the period. Greenvale Capital LLP grew its stake in shares of FTI Consulting by 30.9% in the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after buying an additional 85,000 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its position in FTI Consulting by 2.1% in the second quarter. Van Berkom & Associates Inc. now owns 347,393 shares of the business services provider’s stock valued at $74,874,000 after acquiring an additional 7,175 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on FCN shares. Truist Financial lifted 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 note on Saturday, November 2nd.

FTI Consulting Price Performance

FCN stock opened at $194.80 on Friday. The firm has a fifty day moving average price of $216.57 and a two-hundred day moving average price of $218.25. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 22.39 and a beta of 0.12.

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