Assenagon Asset Management S.A. Increases Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Assenagon Asset Management S.A. raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 126.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,629 shares of the business services provider’s stock after purchasing an additional 7,053 shares during the period. Assenagon Asset Management S.A.’s holdings in FTI Consulting were worth $2,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in FTI Consulting by 76.6% during the third 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. Truist Financial Corp raised its holdings in shares of FTI Consulting by 2.1% during the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock worth $810,000 after acquiring an additional 76 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of FTI Consulting by 1.1% during the 2nd quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider’s stock worth $1,764,000 after acquiring an additional 86 shares in the last quarter. Cabot Wealth Management Inc. boosted its position in shares of FTI Consulting by 0.6% during the 3rd quarter. Cabot Wealth Management Inc. now owns 15,271 shares of the business services provider’s stock valued at $3,475,000 after acquiring an additional 94 shares during the last quarter. Finally, Portside Wealth Group LLC grew its holdings in shares of FTI Consulting by 6.9% in the third quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 1.2 %

FCN stock opened at $192.92 on Thursday. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60. The firm’s fifty day simple moving average is $196.43 and its two-hundred day simple moving average is $211.65. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 22.17 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued its quarterly 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 return on equity of 14.79% and a net margin of 8.37%. The business had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FCN. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial raised their price objective 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.