Grantham Mayo Van Otterloo & Co. LLC Purchases 27,875 Shares of FTI Consulting, Inc. (NYSE:FCN)

Grantham Mayo Van Otterloo & Co. LLC raised its position in FTI Consulting, Inc. (NYSE:FCN) by 28.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,470 shares of the business services provider’s stock after acquiring an additional 27,875 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.35% of FTI Consulting worth $24,172,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FCN. Wilmington Savings Fund Society FSB bought a new stake in shares of FTI Consulting in the third quarter worth about $35,000. Quarry LP increased its stake 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 period. Jones Financial Companies Lllp raised its holdings in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 197 shares in the last quarter. UMB Bank n.a. raised its holdings 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 valued at $51,000 after acquiring an additional 99 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

NYSE:FCN opened at $158.09 on Friday. The firm’s 50-day moving average price is $174.48 and its 200-day moving average price is $194.54. The company has a market capitalization of $5.68 billion, a PE ratio of 20.27 and a beta of 0.21. FTI Consulting, Inc. has a 1-year low of $157.46 and a 1-year high of $243.60.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on FCN. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday. The Goldman Sachs Group lowered their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, Truist Financial downgraded FTI Consulting from a “buy” rating to a “hold” rating and reduced their target price for the stock from $225.00 to $178.00 in a report on Wednesday.

FTI Consulting 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.