EULAV Asset Management Decreases Stake in FTI Consulting, Inc. (NYSE:FCN)

EULAV Asset Management lessened its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 22.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 37,500 shares of the business services provider's stock after selling 11,000 shares during the quarter. EULAV Asset Management owned approximately 0.11% of FTI Consulting worth $6,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FCN. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTI Consulting during the 1st quarter valued at approximately $30,000. GeoWealth Management LLC grew its position in shares of FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after buying an additional 57 shares during the period. Jones Financial Companies Lllp grew its position 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 period. Quarry LP grew its position in shares of FTI Consulting by 115.4% during the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock worth $67,000 after buying an additional 187 shares during the period. Finally, Curat Global LLC acquired a new stake in shares of FTI Consulting during the 1st quarter worth approximately $89,000. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on FCN shares. Truist Financial downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th. Finally, Wall Street Zen downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd.

Insiders Place Their Bets

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

FTI Consulting Stock Up 0.5%

NYSE FCN traded up $0.87 during mid-day trading on Monday, hitting $165.76. The company's stock had a trading volume of 418,618 shares, compared to its average volume of 280,002. The company's 50 day simple moving average is $163.70 and its 200 day simple moving average is $172.59. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 22.68 and a beta of 0.19.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $906.93 million. During the same quarter last year, the firm posted $2.23 EPS. FTI Consulting's revenue was down 3.3% compared to the same quarter last year. Analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its board has approved a share buyback 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 purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is 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.