Grantham Mayo Van Otterloo & Co. LLC Purchases 27,875 Shares of FTI Consulting, Inc. (NYSE:FCN)

Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,470 shares of the business services provider’s stock after acquiring an additional 27,875 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in FTI Consulting were worth $24,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of FTI Consulting by 220.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,004 shares of the business services provider’s stock worth $2,049,000 after purchasing an additional 6,195 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of FTI Consulting by 26.6% during the third quarter. Captrust Financial Advisors now owns 4,496 shares of the business services provider’s stock valued at $1,023,000 after buying an additional 945 shares during the last quarter. Quarry LP increased its holdings in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after buying an additional 125 shares in the last quarter. Quantinno Capital Management LP raised its position in FTI Consulting by 79.7% in the 3rd quarter. Quantinno Capital Management LP now owns 32,367 shares of the business services provider’s stock worth $7,365,000 after buying an additional 14,351 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in FTI Consulting during the 3rd quarter valued at about $798,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Truist Financial lowered shares of FTI Consulting from a “buy” rating to a “hold” rating and decreased their target price for the company from $225.00 to $178.00 in a research note on Wednesday. Finally, StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday.

FTI Consulting Stock Down 2.1 %

Shares of NYSE:FCN opened at $158.09 on Friday. The firm’s 50 day moving average price is $174.48 and its 200-day moving average price is $194.54. The stock has a market capitalization of $5.68 billion, a PE ratio of 20.27 and a beta of 0.21. FTI Consulting, Inc. has a twelve month low of $157.46 and a twelve month high of $243.60.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. Analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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.