GSA Capital Partners LLP Sells 3,017 Shares of FTI Consulting, Inc. (NYSE:FCN)

GSA Capital Partners LLP lessened its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 61.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,863 shares of the business services provider’s stock after selling 3,017 shares during the period. GSA Capital Partners LLP’s holdings in FTI Consulting were worth $424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its stake in FTI Consulting by 76.6% in the third 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 in the last quarter. Signaturefd LLC raised its stake in FTI Consulting by 65.9% in 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 in the last quarter. Covestor Ltd raised its stake in FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after buying an additional 94 shares in the last quarter. Versant Capital Management Inc raised its stake in FTI Consulting by 593.8% in the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after buying an additional 190 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in FTI Consulting by 284.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after buying an additional 179 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of FCN opened at $198.98 on Thursday. The firm has a market capitalization of $7.15 billion, a PE ratio of 22.87 and a beta of 0.12. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The company’s fifty day moving average price is $215.28 and its 200-day moving average price is $217.92.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The company had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. FTI Consulting’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $2.34 earnings per share. As a group, research analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Analysts Set New Price Targets

FCN has been the topic of a number of recent analyst reports. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial upped their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th.

About FTI Consulting

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.