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Diamond Hill Capital Management Inc. Grows Stock Holdings in FTI Consulting, Inc. $FCN
Diamond Hill Capital Management Inc. significantly increased its stake in FTI Consulting, Inc. (NYSE:FCN) by 101.2% in the third quarter, holding 154,429 shares valued at $24.96 million. This move coincides with FTI’s board approving a $500 million share buyback, signaling management’s belief that the stock may be undervalued. Despite mixed analyst ratings, with an average price target of $169.00, institutional investors now own 99.36% of the stock.