Wesbanco Bank Inc. Has $800,000 Position in FTI Consulting, Inc. (NYSE:FCN)

Wesbanco Bank Inc. increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 31.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,186 shares of the business services provider’s stock after purchasing an additional 1,000 shares during the period. Wesbanco Bank Inc.’s holdings in FTI Consulting were worth $800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Prospera Private Wealth LLC bought a new position in FTI Consulting in the third quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB bought a new stake in FTI Consulting in the 3rd quarter valued at $35,000. Quarry LP boosted its stake in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares during the period. UMB Bank n.a. increased its holdings in FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after purchasing an additional 72 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of FTI Consulting in the 3rd quarter valued at about $38,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Down 0.8 %

FCN opened at $191.62 on Friday. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 22.02 and a beta of 0.14. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The business has a 50 day moving average of $196.43 and a 200-day moving average of $211.65.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The company had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the company posted $2.34 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About FTI Consulting

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.