FTI Consulting, Inc. (NYSE:FCN) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in FTI Consulting, Inc. (NYSE:FCN) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,919 shares of the business services provider’s stock after selling 247 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FTI Consulting were worth $2,469,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Rhumbline Advisers boosted its position in shares of FTI Consulting by 3.7% in the fourth quarter. Rhumbline Advisers now owns 101,852 shares of the business services provider’s stock worth $19,467,000 after acquiring an additional 3,609 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of FTI Consulting by 206.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,807 shares of the business services provider’s stock worth $3,233,000 after acquiring an additional 11,314 shares during the last quarter. Van ECK Associates Corp lifted its position in FTI Consulting by 38.1% during the fourth quarter. Van ECK Associates Corp now owns 30,737 shares of the business services provider’s stock valued at $5,875,000 after buying an additional 8,487 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in FTI Consulting by 1,215.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider’s stock valued at $9,291,000 after buying an additional 45,224 shares in the last quarter. Finally, Entropy Technologies LP lifted its position in FTI Consulting by 44.7% during the fourth quarter. Entropy Technologies LP now owns 3,544 shares of the business services provider’s stock valued at $677,000 after buying an additional 1,094 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Stock Down 14.4 %

Shares of FCN stock opened at $162.72 on Friday. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 18.70 and a beta of 0.15. FTI Consulting, Inc. has a fifty-two week low of $161.57 and a fifty-two week high of $243.60. The firm’s 50 day moving average price is $192.68 and its two-hundred day moving average price is $207.13.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. On average, equities analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

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.