Tudor Investment Corp ET AL Makes New Investment in FTI Consulting, Inc. (NYSE:FCN)

Tudor Investment Corp ET AL bought a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,783 shares of the business services provider's stock, valued at approximately $2,061,000.

Several other large investors have also bought and sold shares of FCN. Pacer Advisors Inc. grew its holdings in FTI Consulting by 9,995.1% during the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock valued at $99,137,000 after purchasing an additional 513,549 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in FTI Consulting by 86.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider's stock worth $194,737,000 after buying an additional 472,245 shares during the period. Black Creek Investment Management Inc. boosted its holdings in shares of FTI Consulting by 166.1% in the fourth quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider's stock valued at $124,804,000 after buying an additional 407,631 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of FTI Consulting by 3.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock worth $777,060,000 after acquiring an additional 149,276 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in FTI Consulting in the 4th quarter worth $27,726,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. William Blair restated an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Truist Financial downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating and dropped their target price for the company from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group dropped their price objective 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.

Insiders Place Their Bets

In related news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction dated 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 now directly owns 24,777 shares of the company's stock, valued at approximately $4,078,294.20. This trade represents a 17.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.51% of the stock is currently owned by company insiders.

FTI Consulting Stock Performance

FCN traded down $1.01 during trading on Tuesday, reaching $165.41. The stock had a trading volume of 389,231 shares, compared to its average volume of 239,042. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60. The stock has a market cap of $5.67 billion, a PE ratio of 21.21 and a beta of 0.18. The business has a 50-day moving average of $163.55 and a 200-day moving average of $184.31.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.50. The firm had revenue of $898.28 million during the quarter, compared to analyst estimates of $906.93 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. FTI Consulting's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 EPS. Equities research analysts forecast 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 plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

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.