Creative Planning Boosts Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Creative Planning increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 10.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,264 shares of the business services provider’s stock after buying an additional 597 shares during the quarter. Creative Planning’s holdings in FTI Consulting were worth $1,425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FCN. UMB Bank n.a. raised its holdings in shares of 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 acquiring an additional 72 shares during the period. Signaturefd LLC raised its stake 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 purchasing an additional 81 shares during the period. Covestor Ltd raised its stake in FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after purchasing an additional 94 shares during the period. Versant Capital Management Inc boosted its holdings in FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 190 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of FTI Consulting by 284.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of FCN opened at $201.20 on Wednesday. The firm has a 50-day simple moving average of $223.15 and a two-hundred day simple moving average of $219.35. The stock has a market cap of $7.18 billion, a PE ratio of 23.40 and a beta of 0.10. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The company had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the business posted $2.34 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts forecast that FTI Consulting, Inc. will post 8.48 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Truist Financial upped their price target on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 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.