FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Oak Thistle LLC

Oak Thistle LLC lifted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 221.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,415 shares of the business services provider's stock after purchasing an additional 6,490 shares during the period. Oak Thistle LLC's holdings in FTI Consulting were worth $1,545,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FCN. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTI Consulting in the 1st quarter worth approximately $30,000. Signaturefd LLC grew its stake in FTI Consulting by 65.3% in the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after acquiring an additional 81 shares during the period. GeoWealth Management LLC grew its stake in FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after acquiring an additional 57 shares during the period. Quarry LP grew its stake in FTI Consulting by 115.4% in the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock worth $67,000 after acquiring an additional 187 shares during the period. Finally, Curat Global LLC purchased a new stake in FTI Consulting in the 1st quarter worth approximately $89,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

FTI Consulting Stock Up 0.3%

Shares of NYSE:FCN traded up $0.50 during midday trading on Friday, hitting $173.99. 407,205 shares of the company's stock traded hands, compared to its average volume of 376,274. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $5.97 billion, a PE ratio of 23.80 and a beta of 0.19. The firm's fifty day moving average price is $163.96 and its two-hundred day moving average price is $170.32. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $231.65.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.26. FTI Consulting had a return on equity of 13.07% and a net margin of 7.14%. The company had revenue of $943.66 million during the quarter, compared to the consensus estimate of $928.38 million. During the same quarter in the prior year, the business earned $2.34 earnings per share. The company's revenue was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting declared that its Board of Directors has approved a share repurchase program on Thursday, April 24th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

FCN has been the subject of several recent analyst reports. Truist Financial cut shares of FTI Consulting from a "buy" rating to a "hold" rating and lowered their target price for the stock from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Wall Street Zen lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, William Blair reiterated an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th.

About FTI Consulting

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.