Fox Run Management L.L.C. Purchases 1,055 Shares of FTI Consulting, Inc. (NYSE:FCN)

Fox Run Management L.L.C. raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 54.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,003 shares of the business services provider’s stock after purchasing an additional 1,055 shares during the period. Fox Run Management L.L.C.’s holdings in FTI Consulting were worth $574,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of FTI Consulting during the 3rd quarter worth $35,000. Quarry LP lifted its stake in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after buying an additional 125 shares in the last quarter. True Wealth Design LLC bought a new position in shares of FTI Consulting in the third quarter worth $38,000. Jones Financial Companies Lllp grew its holdings in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after buying an additional 197 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in FTI Consulting by 59.6% during the 4th 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 period. Institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

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

FTI Consulting Stock Performance

Shares of NYSE:FCN opened at $160.70 on Tuesday. The business has a 50-day simple moving average of $180.01 and a two-hundred day simple moving average of $198.06. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 20.60 and a beta of 0.14. FTI Consulting, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $243.60.

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