WINTON GROUP Ltd boosted its stake in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 686.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,364 shares of the business services provider’s stock after acquiring an additional 32,613 shares during the period. WINTON GROUP Ltd’s holdings in FTI Consulting were worth $5,568,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FCN. Engineers Gate Manager LP acquired a new stake in FTI Consulting during the 2nd quarter worth approximately $1,247,000. Squarepoint Ops LLC acquired a new position in shares of FTI Consulting in the second quarter valued at approximately $658,000. Empirical Finance LLC acquired a new position in shares of FTI Consulting in the second quarter valued at approximately $555,000. Nykredit A S purchased a new stake in shares of FTI Consulting during the second quarter worth approximately $267,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of FTI Consulting during the second quarter worth approximately $3,887,000. 99.36% of the stock is owned by hedge funds and other institutional investors.
FTI Consulting Stock Performance
NYSE FCN opened at $150.28 on Friday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 18.17 and a beta of -0.05. The business’s 50 day moving average is $155.53 and its two-hundred day moving average is $160.99. FTI Consulting, Inc. has a 12-month low of $137.65 and a 12-month high of $189.30. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76.
FTI Consulting announced that its Board of Directors has approved a stock repurchase program on Friday, June 5th that authorizes the company to buyback $370.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on FCN. Weiss Ratings lowered shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group set a $169.00 price objective on shares of FTI Consulting in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, FTI Consulting currently has a consensus rating of “Hold” and an average price target of $174.50.
Check Out Our Latest Report on FTI Consulting
FTI Consulting Company 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.
See Also
- Five stocks we like better than FTI Consulting
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN – Free Report).
Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.
