AGF Management Ltd. Cuts Stake in FTI Consulting, Inc. (NYSE:FCN)

AGF Management Ltd. cut its holdings in FTI Consulting, Inc. (NYSE:FCN) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,806 shares of the business services provider’s stock after selling 1,340 shares during the quarter. AGF Management Ltd.’s holdings in FTI Consulting were worth $2,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new stake in shares of FTI Consulting in the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting in the third quarter worth approximately $35,000. Quarry LP lifted its holdings in FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after buying an additional 125 shares during the period. True Wealth Design LLC bought a new stake in FTI Consulting during the 3rd quarter valued at $38,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of FTI Consulting by 394.0% in the 4th 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 during the period. 99.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

FTI Consulting Price Performance

FTI Consulting stock opened at $161.70 on Friday. FTI Consulting, Inc. has a 1-year low of $158.92 and a 1-year high of $243.60. The business has a fifty day moving average price of $184.78 and a 200-day moving average price of $201.68. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 20.73 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share 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 business had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 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.