Baillie Gifford & Co. Reduces Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Baillie Gifford & Co. reduced its stake in FTI Consulting, Inc. (NYSE:FCN) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,493 shares of the business services provider’s stock after selling 960 shares during the period. Baillie Gifford & Co. owned 0.08% of FTI Consulting worth $5,828,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. increased its stake in 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 valued at $891,201,000 after purchasing an additional 123,177 shares during the last quarter. State Street Corp grew its position in shares of FTI Consulting by 2.7% during the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after acquiring an additional 28,105 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FTI Consulting by 2.4% during the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after acquiring an additional 16,171 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of FTI Consulting by 9,995.1% during the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock worth $99,137,000 after acquiring an additional 513,549 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its position in shares of FTI Consulting by 7.7% during the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after acquiring an additional 34,144 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Trading Up 0.5 %

Shares of FCN opened at $188.61 on Wednesday. The firm has a market cap of $6.78 billion, a PE ratio of 21.68 and a beta of 0.15. The company’s 50 day simple moving average is $193.86 and its 200-day simple moving average is $207.80. FTI Consulting, Inc. has a 12-month low of $186.82 and a 12-month high of $243.60.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

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.