Diamond Hill Capital Management Inc. Grows Stock Holdings in FTI Consulting, Inc. $FCN

Diamond Hill Capital Management Inc. grew its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 101.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,429 shares of the business services provider’s stock after acquiring an additional 77,690 shares during the period. Diamond Hill Capital Management Inc. owned 0.50% of FTI Consulting worth $24,963,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FCN. Hantz Financial Services Inc. boosted its stake in FTI Consulting by 989.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 403 shares of the business services provider’s stock worth $65,000 after purchasing an additional 366 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of FTI Consulting by 5.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 437,455 shares of the business services provider’s stock valued at $70,715,000 after acquiring an additional 21,242 shares during the last quarter. AGF Management Ltd. raised its position in shares of FTI Consulting by 10.9% during the 3rd quarter. AGF Management Ltd. now owns 19,941 shares of the business services provider’s stock valued at $3,223,000 after buying an additional 1,965 shares in the last quarter. Winnow Wealth LLC purchased a new position in FTI Consulting in the 3rd quarter worth approximately $29,000. Finally, AlphaQuest LLC boosted its stake in shares of FTI Consulting by 259.3% during the third quarter. AlphaQuest LLC now owns 16,061 shares of the business services provider’s stock valued at $2,596,000 after purchasing an additional 11,591 shares during the period. 99.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

FCN has been the subject of a number of analyst reports. Truist Financial dropped their target price on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. Finally, Wall Street Zen raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, FTI Consulting currently has an average rating of “Hold” and an average price target of $169.00.

FTI Consulting Stock Up 1.1%

FCN stock opened at $179.30 on Friday. The business has a 50 day moving average of $174.54 and a 200 day moving average of $167.85. The firm has a market cap of $5.54 billion, a PE ratio of 22.84 and a beta of 0.08. FTI Consulting, Inc. has a twelve month low of $149.31 and a twelve month high of $196.50. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.29.

FTI Consulting announced that its board has approved a share buyback plan on Tuesday, October 21st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 9.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.