WINTON GROUP Ltd Grows Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

WINTON GROUP Ltd increased its position in FTI Consulting, Inc. (NYSE:FCN) by 123.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,962 shares of the business services provider’s stock after buying an additional 2,739 shares during the period. WINTON GROUP Ltd’s holdings in FTI Consulting were worth $948,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTI Consulting during the third quarter worth about $35,000. Quarry LP raised its position in shares of FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after buying an additional 125 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of FTI Consulting in the third quarter worth $38,000. Jones Financial Companies Lllp lifted its holdings in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after buying an additional 197 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on FCN shares. The Goldman Sachs Group decreased their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, Truist Financial cut their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 21st.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $162.28 on Friday. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 20.80 and a beta of 0.14. The stock has a 50 day moving average price of $177.51 and a 200-day moving average price of $196.64. FTI Consulting, Inc. has a one year low of $158.88 and a one year high of $243.60.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. Sell-side analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share 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.