Cynosure Group LLC Trims Position in FTI Consulting, Inc. (NYSE:FCN)

Cynosure Group LLC trimmed its stake in FTI Consulting, Inc. (NYSE:FCN) by 12.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,584 shares of the business services provider’s stock after selling 222 shares during the period. Cynosure Group LLC’s holdings in FTI Consulting were worth $360,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of FTI Consulting by 4.3% in the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock valued at $23,782,000 after purchasing an additional 4,516 shares during the period. DB Fitzpatrick & Co Inc grew its position in shares of FTI Consulting by 135.1% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock worth $1,278,000 after buying an additional 3,408 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of FTI Consulting by 298.4% during the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock valued at $875,000 after buying an additional 3,041 shares during the period. American Century Companies Inc. raised its holdings in shares of FTI Consulting by 76.3% in the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after acquiring an additional 97,244 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in FTI Consulting by 3.6% in the third quarter. Raymond James & Associates now owns 143,305 shares of the business services provider’s stock worth $32,610,000 after acquiring an additional 5,044 shares during the period. 99.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FCN has been the subject of several research reports. Truist Financial upped their price target on shares of 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 raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Stock Performance

FCN stock opened at $203.72 on Friday. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 23.42 and a beta of 0.12. The firm has a 50-day simple moving average of $213.27 and a two-hundred day simple moving average of $217.31.

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