FTI Consulting, Inc. (NYSE:FCN) Position Trimmed by CWA Asset Management Group LLC

CWA Asset Management Group LLC lessened its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 21.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 62,938 shares of the business services provider's stock after selling 16,956 shares during the period. CWA Asset Management Group LLC owned approximately 0.18% of FTI Consulting worth $10,327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC boosted its position in FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after purchasing an additional 57 shares in the last quarter. Jones Financial Companies Lllp grew its stake in FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after acquiring an additional 197 shares during the last quarter. Quarry LP increased its holdings in FTI Consulting by 115.4% during the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after acquiring an additional 187 shares in the last quarter. Curat Global LLC acquired a new position in FTI Consulting during the first quarter worth about $89,000. Finally, Covestor Ltd lifted its holdings in shares of FTI Consulting by 23.1% in the fourth quarter. Covestor Ltd now owns 708 shares of the business services provider's stock valued at $135,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and lowered their price target for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. Wall Street Zen cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, William Blair reissued an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th.

Insider Buying and Selling

In related news, CFO Ajay Sabherwal sold 5,236 shares of FTI Consulting stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $164.60, for a total value of $861,845.60. Following the sale, the chief financial officer now directly owns 24,777 shares in the company, valued at $4,078,294.20. This trade represents a 17.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.79% of the company's stock.

FTI Consulting Stock Down 0.0%

Shares of NYSE:FCN traded down $0.01 during midday trading on Wednesday, reaching $161.38. The company had a trading volume of 387,845 shares, compared to its average volume of 268,460. The stock has a market capitalization of $5.53 billion, a P/E ratio of 22.08 and a beta of 0.19. The stock's fifty day moving average price is $164.33 and its 200-day moving average price is $176.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.24 and a quick ratio of 2.24. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping the consensus estimate of $1.79 by $0.50. FTI Consulting had a net margin of 7.14% and a return on equity of 13.07%. The business had revenue of $898.28 million for the quarter, compared to analysts' expectations of $906.93 million. During the same quarter last year, the company posted $2.23 earnings per share. The company's quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

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.