Kornitzer Capital Management Inc. KS Sells 14,265 Shares of FTI Consulting, Inc. (NYSE:FCN)

Kornitzer Capital Management Inc. KS lessened its holdings in FTI Consulting, Inc. (NYSE:FCN) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,880 shares of the business services provider’s stock after selling 14,265 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in FTI Consulting were worth $10,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCN. Arlington Trust Co LLC acquired a new stake in shares of FTI Consulting during the third quarter valued at about $28,000. Ancora Advisors LLC acquired a new stake in shares of FTI Consulting during the first quarter valued at about $32,000. Fifth Third Bancorp boosted its stake in shares of FTI Consulting by 37.1% during the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 59 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of FTI Consulting by 533.3% during the third quarter. Ronald Blue Trust Inc. now owns 209 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 176 shares in the last quarter. Finally, Tompkins Financial Corp acquired a new stake in shares of FTI Consulting during the fourth quarter valued at about $40,000. Institutional investors own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

FCN has been the topic of a number of recent research reports. Truist Financial lifted their price target on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Curtis P. Lu sold 2,656 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $217.08, for a total value of $576,564.48. Following the completion of the transaction, the general counsel now directly owns 29,190 shares in the company, valued at $6,336,565.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,715 shares of company stock valued at $7,617,513. 3.34% of the stock is currently owned by company insiders.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded up $3.61 during midday trading on Friday, reaching $211.25. The company had a trading volume of 328,336 shares, compared to its average volume of 126,815. The stock has a fifty day moving average price of $205.35 and a 200 day moving average price of $204.49. The firm has a market cap of $7.51 billion, a PE ratio of 27.40 and a beta of 0.11. FTI Consulting, Inc. has a fifty-two week low of $167.39 and a fifty-two week high of $232.15.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The company had revenue of $924.68 million for the quarter, compared to analyst estimates of $840.40 million. During the same period in the previous year, the firm earned $1.52 earnings per share. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.15 EPS for the current year.

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.