GSA Capital Partners LLP acquired a new position in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,416 shares of the business services provider’s stock, valued at approximately $509,000.
Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in shares of FTI Consulting by 1,666.7% during the 4th quarter. IFP Advisors Inc now owns 159 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Torren Management LLC bought a new position in shares of FTI Consulting during the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd lifted its position in shares of FTI Consulting by 1,278.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider’s stock worth $31,000 after acquiring an additional 179 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in FTI Consulting in the 1st quarter valued at $33,000. Finally, Global Retirement Partners LLC bought a new position in FTI Consulting during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 99.36% of the company’s stock.
FTI Consulting Stock Up 1.5%
Shares of NYSE:FCN opened at $155.73 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4.30 billion, a P/E ratio of 18.83 and a beta of -0.05. FTI Consulting, Inc. has a 12 month low of $137.65 and a 12 month high of $189.30. The company’s 50-day moving average price is $154.52 and its two-hundred day moving average price is $162.62.
FTI Consulting declared that its board has initiated a stock repurchase plan on Friday, June 5th that permits the company to repurchase $370.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities analysts recently commented on FCN shares. The Goldman Sachs Group set a $169.00 target price on FTI Consulting in a research report on Tuesday, May 19th. Truist Financial boosted their target price on shares of FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Weiss Ratings lowered shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $174.50.
View Our Latest Stock Analysis on FTI Consulting
About FTI Consulting
FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.
In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.
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