Wesbanco Bank Inc. Has $800,000 Position in FTI Consulting, Inc. (NYSE:FCN)

Wesbanco Bank Inc. increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 31.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,186 shares of the business services provider’s stock after buying an additional 1,000 shares during the quarter. Wesbanco Bank Inc.’s holdings in FTI Consulting were worth $800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Prospera Private Wealth LLC bought a new stake in FTI Consulting during the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FTI Consulting during the third quarter worth about $35,000. Quarry LP increased its stake in shares of FTI Consulting by 337.8% in 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. UMB Bank n.a. boosted its position in FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after buying an additional 72 shares during the period. Finally, True Wealth Design LLC acquired a new stake in FTI Consulting during the 3rd quarter worth approximately $38,000. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Down 0.8 %

Shares of FCN opened at $191.62 on Friday. The company has a market capitalization of $6.89 billion, a PE ratio of 22.02 and a beta of 0.14. The stock’s 50-day moving average price is $196.43 and its two-hundred day moving average price is $211.65. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN) last announced its earnings results 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 company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same quarter in the previous year, the company earned $2.34 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

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.