Marathon Asset Management Ltd Reduces Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Marathon Asset Management Ltd decreased its position in FTI Consulting, Inc. (NYSE:FCN) by 6.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 59,552 shares of the business services provider’s stock after selling 3,962 shares during the period. Marathon Asset Management Ltd’s holdings in FTI Consulting were worth $11,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in FTI Consulting by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 55 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in FTI Consulting by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock valued at $657,000 after purchasing an additional 85 shares during the last quarter. UMB Bank n.a. lifted its position in shares of FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after acquiring an additional 99 shares in the last quarter. Portside Wealth Group LLC lifted its position in shares of FTI Consulting by 6.9% during the third quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider’s stock worth $356,000 after acquiring an additional 101 shares in the last quarter. Finally, Colonial River Investments LLC lifted its position in shares of FTI Consulting by 6.3% during the fourth quarter. Colonial River Investments LLC now owns 1,831 shares of the business services provider’s stock worth $350,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of FCN stock opened at $165.55 on Monday. FTI Consulting, Inc. has a 52-week low of $161.24 and a 52-week high of $243.60. The company has a market capitalization of $5.95 billion, a PE ratio of 21.22 and a beta of 0.15. The business’s fifty day moving average is $188.91 and its 200 day moving average is $204.74.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Truist Financial dropped their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

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.