Marathon Asset Management Ltd Sells 5,742 Shares of FTI Consulting, Inc. (NYSE:FCN)

Marathon Asset Management Ltd lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,810 shares of the business services provider's stock after selling 5,742 shares during the period. Marathon Asset Management Ltd owned 0.15% of FTI Consulting worth $8,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. GeoWealth Management LLC raised its position in shares of FTI Consulting by 46.0% during the fourth 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 last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTI Consulting during the first quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its position in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after buying an additional 197 shares during the last quarter. Quarry LP raised its position in shares of FTI Consulting by 115.4% during the fourth quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after buying an additional 187 shares during the last quarter. Finally, Curat Global LLC bought a new stake in shares of FTI Consulting during the first quarter valued at approximately $89,000. Institutional investors own 99.36% of the company's stock.

FTI Consulting Trading Up 0.4%

Shares of FCN opened at $160.81 on Friday. The company's fifty day moving average is $163.82 and its 200 day moving average is $174.09. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60. The stock has a market capitalization of $5.51 billion, a PE ratio of 22.00 and a beta of 0.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.24 and a current ratio of 2.24.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results 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 7.14% and a return on equity of 13.07%. The company had revenue of $898.28 million for the quarter, compared to analysts' expectations of $906.93 million. During the same quarter in the previous year, the business posted $2.23 earnings per share. FTI Consulting's quarterly revenue was down 3.3% on a year-over-year basis. Sell-side analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting declared that its board has approved a stock repurchase program on Thursday, April 24th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of FTI Consulting stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $164.60, for a total transaction of $861,845.60. Following the completion of the transaction, the chief financial officer now directly owns 24,777 shares of the company's stock, valued at $4,078,294.20. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.79% of the stock is currently owned by company insiders.

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.

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