Millington Financial Advisors LLC Has $1.63 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Millington Financial Advisors LLC lifted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,416 shares of the business services provider’s stock after purchasing an additional 953 shares during the period. Millington Financial Advisors LLC’s holdings in FTI Consulting were worth $1,633,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in FTI Consulting by 9,995.1% in the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock valued at $99,137,000 after buying an additional 513,549 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in shares of FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after acquiring an additional 123,177 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of FTI Consulting in the third quarter worth $23,351,000. Allspring Global Investments Holdings LLC increased its position in FTI Consulting by 1,215.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider’s stock worth $9,291,000 after acquiring an additional 45,224 shares during the period. Finally, FMR LLC raised its stake in FTI Consulting by 13.6% during the 3rd quarter. FMR LLC now owns 325,680 shares of the business services provider’s stock valued at $74,112,000 after purchasing an additional 38,977 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Price Performance

FCN opened at $165.93 on Tuesday. FTI Consulting, Inc. has a fifty-two week low of $161.24 and a fifty-two week high of $243.60. The company has a market capitalization of $5.96 billion, a P/E ratio of 21.27 and a beta of 0.15. The firm’s fifty day moving average price is $191.33 and its two-hundred day moving average price is $206.28.

FTI Consulting (NYSE:FCN) last issued its 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 net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. On average, equities research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on FCN shares. The Goldman Sachs Group decreased their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday. Truist Financial decreased 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. Finally, StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday.

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.