Aquatic Capital Management LLC Invests $1.97 Million in FTI Consulting, Inc. (NYSE:FCN)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of FTI Consulting during the 3rd quarter valued at about $35,000. GeoWealth Management LLC grew its stake in shares of FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock valued at $35,000 after buying an additional 57 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after buying an additional 197 shares during the last quarter. UMB Bank n.a. increased its stake in FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after acquiring an additional 99 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of FTI Consulting by 51.4% during the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock worth $90,000 after purchasing an additional 160 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

FTI Consulting Stock Performance

FCN stock traded down $1.06 during mid-day trading on Thursday, reaching $165.22. The company had a trading volume of 483,259 shares, compared to its average volume of 236,786. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60. The firm has a fifty day simple moving average of $163.45 and a 200 day simple moving average of $185.92. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 21.18 and a beta of 0.21.

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

FTI Consulting announced that its Board of Directors has initiated a share repurchase plan on Thursday, April 24th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership 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.