Mawer Investment Management Ltd. Sells 134,583 Shares of FTI Consulting, Inc. $FCN

Mawer Investment Management Ltd. reduced its holdings in FTI Consulting, Inc. (NYSE:FCN) by 18.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 602,285 shares of the business services provider’s stock after selling 134,583 shares during the quarter. Mawer Investment Management Ltd.’s holdings in FTI Consulting were worth $81,013,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FCN. BlackRock Inc. bought a new position in shares of FTI Consulting during the second quarter valued at approximately $408,202,000. Neumeier Poma Investment Counsel LLC bought a new stake in FTI Consulting in the second quarter valued at $44,699,275. Bank of New York Mellon Corp bought a new stake in FTI Consulting in the second quarter valued at $28,362,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in FTI Consulting in the second quarter valued at $28,307,000. Finally, Quantinno Capital Management LP increased its position in FTI Consulting by 141.6% during the 1st quarter. Quantinno Capital Management LP now owns 256,490 shares of the business services provider’s stock valued at $45,340,000 after purchasing an additional 150,348 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on FCN. Weiss Ratings raised shares of FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. Truist Financial reiterated a “hold” rating and set a $180.00 price target (up from $158.00) on shares of FTI Consulting in a research report on Monday, November 2nd. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.50.

FTI Consulting Stock Up 2.0%

Shares of FCN stock traded up $3.99 during mid-day trading on Friday, reaching $202.61. 318,591 shares of the company’s stock traded hands, compared to its average volume of 490,925. The company’s 50-day moving average price is $156.04 and its 200-day moving average price is $160.78. The company has a market cap of $5.52 billion, a P/E ratio of 25.26 and a beta of -0.15. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.64. FTI Consulting, Inc. has a 12 month low of $129.12 and a 12 month high of $203.69.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 29th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.10. FTI Consulting had a net margin of 5.86% and a return on equity of 18.41%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $2.60 EPS. FTI Consulting’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts expect that FTI Consulting, Inc. will post 9.81 earnings per share for the current fiscal year.

About FTI Consulting

FTI Consulting, Inc. is a global business advisory firm that helps organizations address financial, legal, operational, regulatory and reputational challenges. Founded in 1982, the company serves businesses, law firms, government agencies and other organizations. Its services span corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Work may include advising on restructuring and transactions, investigating disputes and misconduct, providing expert analysis in legal matters, managing electronic evidence and supporting communications during significant events.