Running Oak Capital LLC Increases Stake in FTI Consulting, Inc. (NYSE:FCN)

Running Oak Capital LLC raised its position in FTI Consulting, Inc. (NYSE:FCN) by 7.3% in the 4th quarter, Holdings Channel reports. The fund owned 61,214 shares of the business services provider’s stock after acquiring an additional 4,185 shares during the period. Running Oak Capital LLC’s holdings in FTI Consulting were worth $11,700,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 72 shares during the period. Truist Financial Corp lifted its holdings in shares of FTI Consulting by 2.1% in the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock valued at $810,000 after buying an additional 76 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of FTI Consulting by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock valued at $657,000 after buying an additional 85 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of FTI Consulting by 1.1% in the second quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider’s stock valued at $1,764,000 after buying an additional 86 shares in the last quarter. Finally, Cabot Wealth Management Inc. raised its position in FTI Consulting by 0.6% in the third quarter. Cabot Wealth Management Inc. now owns 15,271 shares of the business services provider’s stock worth $3,475,000 after acquiring an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Trading Down 0.4 %

Shares of FTI Consulting stock opened at $191.08 on Friday. The company has a 50-day moving average of $196.27 and a two-hundred day moving average of $211.33. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The stock has a market cap of $6.87 billion, a PE ratio of 21.96 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The firm had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 earnings per share. On average, sell-side analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

FTI Consulting Company 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.