Sanctuary Advisors LLC Acquires 333 Shares of FTI Consulting, Inc. (NYSE:FCN)

Sanctuary Advisors LLC raised its holdings in FTI Consulting, Inc. (NYSE:FCN) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,891 shares of the business services provider’s stock after buying an additional 333 shares during the period. Sanctuary Advisors LLC’s holdings in FTI Consulting were worth $1,341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at about $34,000. Quarry LP raised 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 worth $37,000 after purchasing an additional 125 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after buying an additional 72 shares during the last quarter. True Wealth Design LLC bought a new position in shares of FTI Consulting in the third quarter valued at $38,000. Finally, Signaturefd LLC increased its holdings in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after buying an additional 81 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FCN. Truist Financial lifted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company 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 Price Performance

FCN stock opened at $195.29 on Friday. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 22.45 and a beta of 0.12. The company has a fifty day moving average price of $204.46 and a two-hundred day moving average price of $214.92.

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). The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.34 EPS. Research analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

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.