Cynosure Group LLC Sells 222 Shares of FTI Consulting, Inc. (NYSE:FCN)

Cynosure Group LLC decreased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,584 shares of the business services provider’s stock after selling 222 shares during the period. Cynosure Group LLC’s holdings in FTI Consulting were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Prospera Private Wealth LLC bought a new stake in FTI Consulting during the third quarter valued at about $34,000. UMB Bank n.a. increased its holdings in FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after acquiring an additional 72 shares in the last quarter. Signaturefd LLC raised its stake in FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares during the period. Versant Capital Management Inc lifted its holdings in FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 190 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of FTI Consulting by 284.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after purchasing an additional 179 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Price Performance

FTI Consulting stock opened at $203.72 on Friday. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60. The firm’s 50 day moving average price is $213.27 and its 200-day moving average price is $217.31. The stock has a market cap of $7.32 billion, a P/E ratio of 23.42 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.34 earnings per share. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial raised their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

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.