FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 17.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 41,890 shares of the business services provider’s stock after selling 8,990 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in FTI Consulting were worth $9,532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its stake in FTI Consulting by 76.6% during the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after buying an additional 72 shares during the period. Signaturefd LLC raised its position in FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Covestor Ltd lifted its stake in shares of FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of FTI Consulting by 593.8% in the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after buying an additional 190 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of FTI Consulting by 284.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after buying an additional 179 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

FTI Consulting Stock Up 2.0 %

FCN opened at $204.82 on Friday. The company’s 50-day moving average price is $219.39 and its 200 day moving average price is $218.79. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 23.54 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 the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same period last year, the business posted $2.34 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current 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.