Montanaro Asset Management Ltd Increases Stake in FTI Consulting, Inc.

Montanaro Asset Management Ltd has recently reported an increase in its stake in FTI Consulting, Inc. (NYSE:FCN) by 11.1% during the third quarter, as indicated in its latest disclosure to the Securities and Exchange Commission. Following this purchase, Montanaro now owns 30,000 shares of FTI Consulting. This includes an acquisition of an additional 3,000 shares in the recent quarter. As per the latest report, Montanaro Asset Management holds approximately 0.08% of FTI Consulting’s equity, valued at around $6,827,000.

A variety of other hedge funds have also been active in buying and selling shares of FTI Consulting recently. For instance, Susquehanna Fundamental Investments LLC initiated a new position in the company during the first quarter, worth roughly $584,000. Sei Investments Co. increased its stake in FTI Consulting by 4.3% in the second quarter, bringing its total to 110,336 shares, which are valued at $23,782,000 after acquiring an additional 4,516 shares. Furthermore, DB Fitzpatrick & Co Inc saw an impressive hike, growing its holdings by 135.1% in the second quarter, which resulted in 5,931 shares valued at $1,278,000 after purchasing an extra 3,408 shares. SG Americas Securities LLC also raised its position by 298.4%, acquiring an additional 3,041 shares to now hold 4,060 shares worth $875,000. Additionally, Bayesian Capital Management LP made a new investment in the first quarter, valued at $673,000. Overall, hedge funds and other institutional investors collectively own 99.36% of FTI Consulting’s shares.

FTI Consulting Stock Performance

On Friday, the stock of FTI Consulting opened at $204.27. The company has a market capitalization of $7.34 billion, a price-to-earnings (P/E) ratio of 23.48, and a beta of 0.12. Over the past year, FTI Consulting has experienced a low of $185.93 and a high of $243.60. The company’s fifty-day simple moving average stands at $218.90, while its two-hundred-day simple moving average is $218.78.

Most recently, FTI Consulting announced its quarterly earnings results on Thursday, October 24th. The company reported earnings per share (EPS) of $1.85 for the quarter, which was below the consensus estimate of $2.06, missing it by $0.21. FTI Consulting recorded a net margin of 8.37% and a return on equity of 14.79%. It achieved revenues of $926.00 million for the quarter, which fell short of the analysts' expectations of $946.16 million. Compared to the same quarter last year, where earnings were $2.34 EPS, this year's revenue showed an increase of 3.7%. Analysts predict that FTI Consulting will see an EPS of 8.1 for the current year.

Recent Analyst Opinions

A number of research analysts have recently provided updates on FTI Consulting. StockNews.com upgraded the company from a 'hold' rating to a 'buy' rating in a report on Saturday, November 2nd. Truist Financial also raised its price target on FTI Consulting shares from $255.00 to $275.00, maintaining a 'buy' rating in their assessment issued on September 25th.

Company Overview

FTI Consulting, Inc. specializes in providing business advisory services aimed at managing change, mitigating risks, and resolving 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, strategy consulting, transactional support, and restructuring services.

FTI, Consulting, Investment