Cadent Capital Advisors LLC Invests $211,000 in FTI Consulting, Inc. (NYSE:FCN)

Cadent Capital Advisors LLC purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 926 shares of the business services provider’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of FTI Consulting by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock worth $704,112,000 after acquiring an additional 157,206 shares during the period. Quadrature Capital Ltd purchased a new position in FTI Consulting during the 4th quarter valued at about $427,000. Capital Planning LLC increased its position in shares of FTI Consulting by 21.2% during the first quarter. Capital Planning LLC now owns 12,043 shares of the business services provider’s stock valued at $2,533,000 after buying an additional 2,107 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of FTI Consulting by 8.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,882 shares of the business services provider’s stock worth $1,868,000 after buying an additional 701 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its holdings in FTI Consulting by 7.4% in the 1st quarter. Capital Insight Partners LLC now owns 12,372 shares of the business services provider’s stock valued at $2,602,000 after purchasing an additional 857 shares during the period. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $228.43 on Friday. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 26.56 and a beta of 0.10. The stock’s 50-day moving average is $224.05 and its 200 day moving average is $218.96. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. FTI Consulting, Inc. has a 1-year low of $181.25 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The firm had revenue of $949.16 million during the quarter, compared to analyst estimates of $938.67 million. During the same period in the previous year, the business posted $1.75 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total transaction of $454,240.00. Following the transaction, the director now directly owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.51% of the stock is currently owned by insiders.

Analyst Ratings Changes

FCN has been the topic of a number of research analyst reports. William Blair restated an “outperform” rating on shares of FTI Consulting in a research note on Tuesday, June 25th. Truist Financial increased their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

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.