Black Creek Investment Management Inc. Has $89.74 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

Black Creek Investment Management Inc. lessened its stake in FTI Consulting, Inc. (NYSE:FCN) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 471,829 shares of the business services provider’s stock after selling 52,307 shares during the quarter. FTI Consulting accounts for about 3.1% of Black Creek Investment Management Inc.’s holdings, making the stock its 11th biggest position. Black Creek Investment Management Inc. owned approximately 1.39% of FTI Consulting worth $89,742,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in FTI Consulting in the 1st quarter valued at approximately $32,000. CWM LLC grew its position in FTI Consulting by 95.0% in the second quarter. CWM LLC now owns 195 shares of the business services provider’s stock worth $37,000 after acquiring an additional 95 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of FTI Consulting during the 2nd quarter valued at $49,000. Clearstead Advisors LLC bought a new position in shares of FTI Consulting during the 3rd quarter valued at $46,000. Finally, Fifth Third Bancorp raised its holdings in shares of FTI Consulting by 84.3% during the 1st quarter. Fifth Third Bancorp now owns 282 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 129 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Truist Financial restated a “buy” rating and set a $210.00 price target on shares of FTI Consulting in a report on Wednesday, October 18th. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research note on Wednesday, September 13th. Finally, StockNews.com initiated coverage on shares of FTI Consulting in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.

Insider Activity at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 4,928 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $189.75, for a total value of $935,088.00. Following the completion of the transaction, the director now directly owns 26,954 shares of the company’s stock, valued at $5,114,521.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FTI Consulting news, Director Mark S. Bartlett sold 4,928 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $189.75, for a total value of $935,088.00. Following the completion of the transaction, the director now directly owns 26,954 shares of the company’s stock, valued at $5,114,521.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul Alderman Linton sold 3,920 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $214.29, for a total transaction of $840,016.80. Following the completion of the transaction, the insider now directly owns 41,130 shares of the company’s stock, valued at $8,813,747.70. The disclosure for this sale can be found here. Insiders sold 11,848 shares of company stock valued at $2,414,345 in the last ninety days. Insiders own 3.34% of the company’s stock.

FTI Consulting Stock Performance

NYSE:FCN traded down $0.32 during midday trading on Wednesday, reaching $222.20. The stock had a trading volume of 9,274 shares, compared to its average volume of 241,831. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $7.89 billion, a P/E ratio of 32.92 and a beta of 0.17. The firm’s fifty day simple moving average is $192.83 and its 200-day simple moving average is $189.09. FTI Consulting, Inc. has a 1-year low of $152.42 and a 1-year high of $223.01.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.50. The company had revenue of $893.26 million during the quarter, compared to the consensus estimate of $850.70 million. FTI Consulting had a net margin of 7.21% and a return on equity of 14.02%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $2.15 EPS. On average, equities research analysts forecast that FTI Consulting, Inc. will post 6.91 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 five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.