Millington Financial Advisors LLC Has $1.29 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

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

Several other institutional investors have also made changes to their positions in FCN. Ronald Blue Trust Inc. increased its holdings in FTI Consulting by 533.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 209 shares of the business services provider’s stock valued at $40,000 after buying an additional 176 shares during the period. SG Americas Securities LLC acquired a new position in FTI Consulting during the third quarter valued at approximately $431,000. Financial Enhancement Group LLC raised its position in FTI Consulting by 1.5% during the third quarter. Financial Enhancement Group LLC now owns 45,955 shares of the business services provider’s stock valued at $8,685,000 after purchasing an additional 673 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in FTI Consulting by 0.9% during the third quarter. GHP Investment Advisors Inc. now owns 24,265 shares of the business services provider’s stock worth $4,602,000 after purchasing an additional 211 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of FTI Consulting in the 3rd quarter valued at $758,000. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Up 0.6 %

Shares of NYSE:FCN traded up $1.30 during trading on Tuesday, hitting $213.03. 147,162 shares of the company were exchanged, compared to its average volume of 198,688. FTI Consulting, Inc. has a 1-year low of $167.39 and a 1-year high of $232.15. The company has a market capitalization of $7.57 billion, a P/E ratio of 27.62 and a beta of 0.11. The business’s 50 day moving average is $205.72 and its 200-day moving average is $204.98.

FTI Consulting (NYSE:FCN) last announced its quarterly 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. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm had revenue of $924.68 million for the quarter, compared to analyst estimates of $840.40 million. During the same period last year, the firm posted $1.52 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FCN. Truist Financial upped their price objective on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 18th.

Insider Buying and Selling at FTI Consulting

In related news, Director Brenda J. Bacon bought 1,120 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of $222.96 per share, with a total value of $249,715.20. Following the transaction, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Brenda J. Bacon bought 1,120 shares of FTI Consulting stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the acquisition, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Curtis P. Lu sold 2,656 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $217.08, for a total transaction of $576,564.48. Following the transaction, the general counsel now owns 29,190 shares of the company’s stock, valued at approximately $6,336,565.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,715 shares of company stock worth $7,617,513. 3.34% of the stock is currently owned by company insiders.

FTI Consulting Profile

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.