FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 43.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,797 shares of the business services provider’s stock after selling 9,944 shares during the quarter. Jane Street Group LLC’s holdings in FTI Consulting were worth $2,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of FTI Consulting by 2.7% in the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after acquiring an additional 28,105 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in FTI Consulting in the 3rd quarter valued at approximately $798,000. Quantinno Capital Management LP increased its position in FTI Consulting by 79.7% during the 3rd quarter. Quantinno Capital Management LP now owns 32,367 shares of the business services provider’s stock worth $7,365,000 after purchasing an additional 14,351 shares during the period. Quarry LP increased its position in 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 during the period. Finally, True Wealth Design LLC purchased a new position in shares of FTI Consulting during the 3rd quarter worth approximately $38,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Trading Down 0.1 %

FCN stock opened at $195.29 on Friday. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 22.45 and a beta of 0.12. The firm has a 50 day moving average of $204.46 and a 200-day moving average of $214.90. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The firm had revenue of $926.00 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.34 earnings per share. Sell-side analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FCN shares. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Truist Financial upped their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the stock 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.