Quest Partners LLC Boosts Holdings in FTI Consulting, Inc. (NYSE:FCN)

Quest Partners LLC boosted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 54.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,885 shares of the business services provider’s stock after purchasing an additional 667 shares during the quarter. Quest Partners LLC’s holdings in FTI Consulting were worth $429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC raised its holdings in FTI Consulting by 1.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,724 shares of the business services provider’s stock worth $1,530,000 after acquiring an additional 120 shares during the last quarter. Entropy Technologies LP lifted its holdings in shares of FTI Consulting by 32.4% during the third quarter. Entropy Technologies LP now owns 2,450 shares of the business services provider’s stock valued at $558,000 after purchasing an additional 600 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of FTI Consulting by 82.1% during the third quarter. Venturi Wealth Management LLC now owns 335 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 151 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of FTI Consulting by 176.5% during the third quarter. Crossmark Global Holdings Inc. now owns 6,454 shares of the business services provider’s stock valued at $1,469,000 after buying an additional 4,120 shares during the last quarter. Finally, Colonial River Investments LLC bought a new stake in FTI Consulting in the 3rd quarter worth about $392,000. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Performance

Shares of NYSE:FCN opened at $201.86 on Monday. The stock’s 50-day simple moving average is $214.44 and its two-hundred day simple moving average is $217.63. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 23.20 and a beta of 0.12. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN) last issued 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). The business had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. FTI Consulting’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $2.34 EPS. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.