Nierenberg Investment Management Company LLC bought a new stake in FTI Consulting, Inc. (NYSE:FCN – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 73,887 shares of the business services provider’s stock, valued at approximately $11,009,902,000. FTI Consulting makes up approximately 5.5% of Nierenberg Investment Management Company LLC’s holdings, making the stock its 8th biggest position. Nierenberg Investment Management Company LLC owned approximately 0.27% of FTI Consulting as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of FCN. NewEdge Wealth LLC acquired a new stake in FTI Consulting during the 2nd quarter valued at $2,777,000. Diversify Advisory Services LLC acquired a new position in shares of FTI Consulting in the second quarter worth $1,003,000. BlackRock Inc. acquired a new position in shares of FTI Consulting in the second quarter worth $408,202,000. Deutsche Bank AG purchased a new stake in shares of FTI Consulting in the second quarter valued at $1,392,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of FTI Consulting in the second quarter valued at $1,069,000. Institutional investors and hedge funds own 99.36% of the company’s stock.
FTI Consulting Trading Up 1.5%
Shares of FCN opened at $153.71 on Thursday. FTI Consulting, Inc. has a fifty-two week low of $137.65 and a fifty-two week high of $189.30. The company has a market capitalization of $4.24 billion, a PE ratio of 18.59 and a beta of -0.05. The stock has a fifty day moving average of $154.62 and a two-hundred day moving average of $162.82. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.03 and a current ratio of 2.03.
FTI Consulting announced that its board has approved a stock repurchase plan on Friday, June 5th that allows the company to repurchase $370.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Analyst Ratings Changes
A number of analysts recently commented on FCN shares. The Goldman Sachs Group set a $169.00 price objective on FTI Consulting in a research report on Tuesday, May 19th. Truist Financial upped their target price on shares of FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings cut shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, FTI Consulting currently has a consensus rating of “Hold” and an average target price of $174.50.
Get Our Latest Stock Report on FTI Consulting
FTI Consulting Profile
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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