How do we determine whether FTI Consulting, Inc. (NYSE:FCN) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that their consensus long positions have historically outperformed the market when we adjust for known risk factors.
FTI Consulting, Inc. (NYSE:FCN) investors should be aware of a decrease in activity from the world’s largest hedge funds of late. At the end of this article we will also compare FCN to other stocks including Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR), Herman Miller, Inc. (NASDAQ:MLHR), and Zendesk Inc (NYSE:ZEN) to get a better sense of its popularity.
With all of this in mind, we’re going to analyze the new action encompassing FTI Consulting, Inc. (NYSE:FCN).
Hedge fund activity in FTI Consulting, Inc. (NYSE:FCN)
At Q3’s end, a total of 9 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -18% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Third Avenue Management, managed by Martin Whitman, holds the most valuable position in FTI Consulting, Inc. (NYSE:FCN). Third Avenue Management has an $8.8 million position in the stock, comprising 0.2% of its 13F portfolio. Sitting at the No. 2 spot is Renaissance Technologies, led by Jim Simons, holding an $5.6 million position; less than 0.1% of its 13F portfolio is allocated to the stock. Remaining peers with similar optimism contain Israel Englander’s Millennium Management, Peter Muller’s PDT Partners and Cliff Asness’s AQR Capital Management.