Mariner LLC Sells 2,576 Shares of FTI Consulting, Inc. (NYSE:FCN)

Mariner LLC trimmed its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,037 shares of the business services provider's stock after selling 2,576 shares during the period. Mariner LLC's holdings in FTI Consulting were worth $963,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of FTI Consulting by 160.8% during the third quarter. Barclays PLC now owns 25,929 shares of the business services provider's stock worth $5,901,000 after purchasing an additional 15,986 shares during the period. SkyView Investment Advisors LLC raised its stake in shares of FTI Consulting by 2.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 8,407 shares of the business services provider's stock worth $1,913,000 after purchasing an additional 223 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTI Consulting during the 3rd quarter valued at about $35,000. Synovus Financial Corp increased its holdings in FTI Consulting by 5.5% in the third quarter. Synovus Financial Corp now owns 4,710 shares of the business services provider's stock worth $1,072,000 after buying an additional 246 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in FTI Consulting by 3.8% during the third quarter. JPMorgan Chase & Co. now owns 79,120 shares of the business services provider's stock valued at $18,005,000 after acquiring an additional 2,860 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Up 1.1 %

FCN stock traded up $1.84 during mid-day trading on Wednesday, reaching $166.16. 460,326 shares of the stock traded hands, compared to its average volume of 236,320. The firm has a market capitalization of $5.88 billion, a PE ratio of 21.30 and a beta of 0.21. The business has a 50-day moving average of $163.43 and a two-hundred day moving average of $186.46. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.50. The firm had revenue of $898.28 million during the quarter, compared to the consensus estimate of $906.93 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.23 EPS. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 24th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FCN has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th. Truist Financial cut 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. Finally, StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd.

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.