10,292 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new position in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,292 shares of the business services provider's stock, valued at approximately $1,967,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Snyder Capital Management L P increased its holdings in FTI Consulting by 26.7% in the 4th quarter. Snyder Capital Management L P now owns 170,439 shares of the business services provider's stock worth $32,576,000 after acquiring an additional 35,902 shares in the last quarter. Nebula Research & Development LLC boosted its position in shares of FTI Consulting by 586.5% in the fourth quarter. Nebula Research & Development LLC now owns 6,124 shares of the business services provider's stock worth $1,170,000 after purchasing an additional 5,232 shares during the period. Voya Investment Management LLC increased its stake in shares of FTI Consulting by 93.4% in the fourth quarter. Voya Investment Management LLC now owns 9,670 shares of the business services provider's stock worth $1,848,000 after purchasing an additional 4,671 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of FTI Consulting by 86.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider's stock valued at $194,737,000 after purchasing an additional 472,245 shares during the period. Finally, Pinebridge Investments L.P. raised its position in shares of FTI Consulting by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 11,952 shares of the business services provider's stock valued at $2,284,000 after purchasing an additional 3,577 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

FCN has been the topic of several recent analyst reports. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and dropped their price objective for the company from $225.00 to $178.00 in a research report on Wednesday, April 2nd. StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group dropped their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.

FTI Consulting Stock Up 0.8 %

NYSE:FCN traded up $1.35 on Friday, hitting $166.56. The stock had a trading volume of 286,162 shares, compared to its average volume of 237,473. The company has a fifty day moving average price of $163.50 and a two-hundred day moving average price of $184.87. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $243.60. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 21.35 and a beta of 0.21.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.50. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The company had revenue of $898.28 million for the quarter, compared to analyst estimates of $906.93 million. During the same period in the prior year, the business earned $2.23 EPS. The firm's quarterly revenue was down 3.3% on a year-over-year basis. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

FTI Consulting Company 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.