Kornitzer Capital Management Inc. KS Sells 14,265 Shares of FTI Consulting, Inc. (NYSE:FCN)

Kornitzer Capital Management Inc. KS lessened its holdings in FTI Consulting, Inc. (NYSE:FCN) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,880 shares of the business services provider’s stock after selling 14,265 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.14% of FTI Consulting worth $10,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in FTI Consulting by 23.4% in the 4th quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock valued at $54,000 after buying an additional 51 shares during the period. KB Financial Partners LLC increased its holdings in FTI Consulting by 1.0% in the 3rd quarter. KB Financial Partners LLC now owns 5,996 shares of the business services provider’s stock valued at $1,070,000 after buying an additional 58 shares during the period. Procyon Advisors LLC grew its holdings in shares of FTI Consulting by 4.9% in the 4th quarter. Procyon Advisors LLC now owns 1,266 shares of the business services provider’s stock worth $252,000 after purchasing an additional 59 shares during the last quarter. Advisor Partners II LLC grew its holdings in shares of FTI Consulting by 2.1% in the 1st quarter. Advisor Partners II LLC now owns 2,975 shares of the business services provider’s stock worth $587,000 after purchasing an additional 62 shares during the last quarter. Finally, Portside Wealth Group LLC grew its holdings in shares of FTI Consulting by 5.1% in the 4th quarter. Portside Wealth Group LLC now owns 1,309 shares of the business services provider’s stock worth $261,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Up 1.7 %

NYSE FCN traded up $3.61 on Friday, hitting $211.25. 328,336 shares of the company were exchanged, compared to its average volume of 126,815. The firm has a 50 day moving average of $205.35 and a two-hundred day moving average of $204.49. The company has a market cap of $7.51 billion, a P/E ratio of 27.40 and a beta of 0.11. FTI Consulting, Inc. has a 1-year low of $167.39 and a 1-year high of $232.15.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.71. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The company had revenue of $924.68 million for the quarter, compared to the consensus estimate of $840.40 million. During the same period in the prior year, the company posted $1.52 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. Research analysts anticipate that FTI Consulting, Inc. will post 8.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on FCN. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial upped their price target on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon bought 1,120 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the transaction, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other FTI Consulting news, Director Brenda J. Bacon bought 1,120 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the transaction, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the transaction, the insider now owns 44,284 shares in the company, valued at $9,126,932.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,715 shares of company stock worth $7,617,513. Company insiders own 3.34% of the company’s stock.

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.