Montanaro Asset Management Ltd Increases Stake in FTI Consulting

Montanaro Asset Management Ltd has announced an increase in its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 11.1% during the third quarter. According to the latest filing with the Securities and Exchange Commission (SEC), the institutional investor now owns a total of 30,000 shares of FTI Consulting after acquiring an additional 3,000 shares during this period. As of the most recent filing, Montanaro Asset Management Ltd holds approximately 0.08% of FTI Consulting, valued at around $6,827,000.

Other hedge funds have also adjusted their holdings in FTI Consulting. For instance, Susquehanna Fundamental Investments LLC purchased a new stake in the first quarter worth approximately $584,000. Additionally, Sei Investments Co. increased its stake by 4.3% in the second quarter, now owning 110,336 shares valued at $23,782,000 after buying an additional 4,516 shares. DB Fitzpatrick & Co Inc also expanded its holdings significantly in the same quarter, growing its stake by 135.1% to own 5,931 shares, valued at $1,278,000, following an acquisition of 3,408 shares. Meanwhile, SG Americas Securities LLC upped its position by a staggering 298.4%, now holding 4,060 shares worth $875,000 after buying 3,041 additional shares. Bayesian Capital Management LP further strengthened its position with a new investment worth $673,000 in the first quarter. Overall, hedge funds and institutional investors own a substantial 99.36% of FTI Consulting's stock.

FTI Consulting Stock Performance

On the trading front, shares of FTI Consulting (NYSE:FCN) opened at $204.27 on Friday. The company boasts a market capitalization of $7.34 billion, with a price-to-earnings (P/E) ratio of 23.48 and a beta of 0.12, which indicates lower volatility compared to the market overall. Over the past year, the stock has reached a low of $185.93 and a high of $243.60. The fifty-day simple moving average stands at $218.90, while the 200-day simple moving average is $218.78.

FTI Consulting recently released its quarterly earnings results on October 24. The company reported earnings per share (EPS) of $1.85 for the quarter, which fell short of analysts' expectations of $2.06 by $0.21. Its net margin was recorded at 8.37%, alongside a return on equity of 14.79%. The firm generated revenue of $926 million for the quarter, also below analysts' anticipated $946.16 million. In comparison to the same quarter last year, the revenue showed an increase of 3.7%. Analysts are predicting that FTI Consulting, Inc. will end this fiscal year with an EPS of 8.1.

Analyst Ratings on FTI Consulting

Recent reports from several research analysts have offered insights into FTI Consulting's stock. StockNews.com upgraded its rating of FTI Consulting from "hold" to "buy" in a report dated November 2. Furthermore, Truist Financial raised its price target for the company from $255.00 to $275.00, assigning it a "buy" rating on September 25.

Overview of FTI Consulting

FTI Consulting, Inc. specializes in providing business advisory services to help organizations manage change, mitigate risks, and resolve disputes on a global scale. The company operates through several segments, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. The Corporate Finance & Restructuring segment focuses on business transformation and strategy, dealing with transactions, as well as turnaround and restructuring services.

Investment Considerations

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