FTI Consulting, Inc. $FCN Stock Sold by Mountain Pacific Investment Advisers LLC

Key Points

• Mountain Pacific Investment Advisers cut its FTI Consulting stake by 40.2% in the third quarter, selling 7,674 shares and retaining 11,427 shares valued at about $1.54 million.
• FTI Consulting reported quarterly EPS of $3.84, beating estimates of $2.74; revenue was $1.01 billion, up 5.9% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $174.50. Institutional investors collectively owned 99.36% of the company’s stock.

Mountain Pacific Investment Advisers LLC lowered its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 40.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,427 shares of the business services provider's stock after selling 7,674 shares during the quarter. Mountain Pacific Investment Advisers LLC's holdings in FTI Consulting were worth $1,537,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of FTI Consulting in the second quarter valued at about $408,202,000. Dimensional Fund Advisors LP increased its stake in shares of FTI Consulting by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 921,218 shares of the business services provider's stock worth $162,836,000 after acquiring an additional 59,524 shares during the period. Quantinno Capital Management LP raised its holdings in FTI Consulting by 141.6% during the first quarter. Quantinno Capital Management LP now owns 256,490 shares of the business services provider's stock worth $45,340,000 after purchasing an additional 150,348 shares in the last quarter. Neumeier Poma Investment Counsel LLC purchased a new position in FTI Consulting during the second quarter worth about $44,699,275. Finally, Bank of New York Mellon Corp lifted its position in FTI Consulting by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 209,668 shares of the business services provider's stock valued at $37,063,000 after purchasing an additional 4,603 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FCN shares. Weiss Ratings raised FTI Consulting from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, October 26th. Truist Financial reiterated a "hold" rating and set a $180.00 target price (up from $158.00) on shares of FTI Consulting in a research report on Monday. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, FTI Consulting currently has a consensus rating of "Hold" and an average price target of $174.50.

FTI Consulting Stock Up 1.1%

Shares of NYSE:FCN opened at $193.97 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.64. FTI Consulting, Inc. has a 52-week low of $129.12 and a 52-week high of $197.30. The stock's fifty day simple moving average is $148.68 and its 200-day simple moving average is $160.10. The company has a market capitalization of $5.29 billion, a P/E ratio of 19.81 and a beta of -0.15.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The business services provider reported $3.84 EPS for the quarter, beating analysts' consensus estimates of $2.74 by $1.10. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. FTI Consulting had a return on equity of 18.41% and a net margin of 5.86%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.60 earnings per share. As a group, equities research analysts forecast that FTI Consulting, Inc. will post 9.81 earnings per share for the current fiscal year.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, legal, operational and reputational challenges. The company provides independent expertise to corporations, law firms, financial institutions, government agencies and other organizations involved in major disputes, transactions, investigations, restructurings and regulatory matters.

FTI Consulting operates through several practice areas, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.

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