Envestnet Asset Management Inc. Has $8.33 Million Stake in FTI Consulting, Inc. $FCN

Envestnet Asset Management Inc. reduced its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,546 shares of the business services provider’s stock after selling 5,130 shares during the period. Envestnet Asset Management Inc.’s holdings in FTI Consulting were worth $8,332,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of FTI Consulting in the 2nd quarter valued at about $65,039,000. Invesco Ltd. boosted its position in FTI Consulting by 435.9% in the second quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock worth $49,056,000 after purchasing an additional 247,066 shares during the last quarter. Bank of America Corp DE grew its position in FTI Consulting by 103.0% during the second quarter. Bank of America Corp DE now owns 195,129 shares of the business services provider’s stock valued at $31,513,000 after buying an additional 98,989 shares during the period. Millennium Management LLC purchased a new stake in FTI Consulting during the first quarter worth about $15,802,000. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in FTI Consulting by 30.9% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 286,176 shares of the business services provider’s stock worth $46,217,000 after acquiring an additional 67,529 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Trading Down 0.3%

NYSE FCN opened at $162.19 on Friday. FTI Consulting, Inc. has a fifty-two week low of $149.31 and a fifty-two week high of $183.71. The stock has a market cap of $5.01 billion, a P/E ratio of 20.66 and a beta of 0.08. The stock has a 50 day simple moving average of $174.17 and a two-hundred day simple moving average of $167.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 1.85.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FCN shares. Weiss Ratings reissued a “hold (c)” rating on shares of FTI Consulting in a research report on Wednesday, December 24th. Wall Street Zen raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Truist Financial lowered their price target on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $169.00.

FTI Consulting Company Profile

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.