Millington Financial Advisors LLC Sells 126 Shares of FTI Consulting, Inc. (NYSE:FCN)

Millington Financial Advisors LLC reduced its stake in FTI Consulting, Inc. (NYSE:FCN) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,465 shares of the business services provider’s stock after selling 126 shares during the quarter. Millington Financial Advisors LLC’s holdings in FTI Consulting were worth $1,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. California Public Employees Retirement System boosted its holdings in FTI Consulting by 4.3% in the third quarter. California Public Employees Retirement System now owns 198,239 shares of the business services provider’s stock worth $35,368,000 after acquiring an additional 8,143 shares in the last quarter. Dakota Wealth Management grew its stake in shares of FTI Consulting by 348.8% in the third quarter. Dakota Wealth Management now owns 5,044 shares of the business services provider’s stock worth $900,000 after acquiring an additional 3,920 shares during the period. Tectonic Advisors LLC purchased a new position in shares of FTI Consulting during the third quarter valued at approximately $223,000. Oak Thistle LLC lifted its position in FTI Consulting by 105.3% during the fourth quarter. Oak Thistle LLC now owns 8,716 shares of the business services provider’s stock valued at $1,736,000 after purchasing an additional 4,470 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in FTI Consulting by 0.8% in the third quarter. Vanguard Group Inc. now owns 3,378,380 shares of the business services provider’s stock worth $602,737,000 after purchasing an additional 25,413 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FCN shares. Truist Financial boosted their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th.

FTI Consulting Price Performance

Shares of NYSE:FCN traded up $1.30 during trading on Tuesday, hitting $213.03. The company’s stock had a trading volume of 147,162 shares, compared to its average volume of 198,688. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 27.62 and a beta of 0.11. The company has a 50-day moving average of $205.72 and a 200-day moving average of $204.98. FTI Consulting, Inc. has a 12 month low of $167.39 and a 12 month high of $232.15.

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

Insider Transactions at FTI Consulting

In other news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the transaction, the insider now owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Brenda J. Bacon bought 1,120 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. Insiders sold 36,715 shares of company stock worth $7,617,513 in the last three months. Corporate 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.