FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 37.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,043 shares of the business services provider's stock after selling 27,580 shares during the quarter. Peregrine Capital Management LLC owned about 0.13% of FTI Consulting worth $7,555,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTI Consulting during the first quarter worth approximately $30,000. GeoWealth Management LLC lifted its stake 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 purchasing an additional 57 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 worth $47,000 after purchasing an additional 197 shares during the last quarter. Quarry LP boosted its holdings 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 worth $67,000 after purchasing an additional 187 shares during the last quarter. Finally, Curat Global LLC purchased a new stake in shares of FTI Consulting in the first quarter valued at $89,000. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Ratings Changes

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

FTI Consulting Trading Up 0.6%

Shares of FCN traded up $1.03 during mid-day trading on Friday, reaching $164.89. The company had a trading volume of 216,491 shares, compared to its average volume of 278,755. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60. The firm has a fifty day simple moving average of $163.70 and a 200-day simple moving average of $172.89. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 22.56 and a beta of 0.19. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.07.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.50. FTI Consulting had a return on equity of 13.07% and a net margin of 7.14%. The firm had revenue of $898.28 million for the quarter, compared to analysts' expectations of $906.93 million. During the same quarter last year, the firm earned $2.23 earnings per share. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. On average, sell-side 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 authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity at FTI Consulting

In other news, CFO Ajay Sabherwal sold 5,236 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $164.60, for a total transaction of $861,845.60. Following the completion of the sale, the chief financial officer owned 24,777 shares in the company, valued at approximately $4,078,294.20. The trade was a 17.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.79% of the stock is currently owned by company insiders.

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.