The Manufacturers Life Insurance Company Sells 925 Shares of FTI Consulting, Inc. (NYSE:FCN)

The Manufacturers Life Insurance Company trimmed its position in FTI Consulting, Inc. (NYSE:FCN) by 3.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 28,270 shares of the business services provider’s stock after selling 925 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of FTI Consulting worth $6,433,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mawer Investment Management Ltd. increased its position in FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after purchasing an additional 123,177 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of FTI Consulting by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock valued at $149,164,000 after purchasing an additional 39,271 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of FTI Consulting by 7.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after buying an additional 34,144 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of FTI Consulting by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider’s stock worth $98,027,000 after buying an additional 7,804 shares during the last quarter. Finally, Greenvale Capital LLP lifted its holdings in FTI Consulting by 30.9% in the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after buying an additional 85,000 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Down 2.5 %

Shares of FTI Consulting stock opened at $199.92 on Friday. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The business’s 50 day moving average is $210.39 and its 200-day moving average is $216.52. The stock has a market cap of $7.19 billion, a P/E ratio of 22.98 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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). The firm had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 earnings per share. On average, sell-side analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FCN. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Truist Financial lifted their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report 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.