Cubist Systematic Strategies LLC Takes $8.42 Million Position in FTI Consulting, Inc. $FCN

Key Points

• Cubist Systematic Strategies LLC acquired 51,327 shares of FTI Consulting, Inc. valued at approximately $8.42 million, representing about 0.15% ownership of the company.
• FTI Consulting posted earnings of $2.13 per share for the last quarter, exceeding estimates by $0.26, despite a 0.6% decline in revenue year-over-year.
• As of the latest reports, approximately 99.36% of FTI Consulting stock is held by hedge funds and institutional investors, indicating strong institutional interest.

Cubist Systematic Strategies LLC purchased a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 51,327 shares of the business services provider's stock, valued at approximately $8,422,000. Cubist Systematic Strategies LLC owned 0.15% of FTI Consulting at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of FTI Consulting by 11.0% during the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock valued at $254,288,000 after acquiring an additional 153,523 shares during the period. Boston Partners increased its stake in shares of FTI Consulting by 67.3% during the first quarter. Boston Partners now owns 226,574 shares of the business services provider's stock valued at $37,286,000 after acquiring an additional 91,182 shares during the period. Ameriprise Financial Inc. increased its stake in shares of FTI Consulting by 30.4% during the fourth quarter. Ameriprise Financial Inc. now owns 276,702 shares of the business services provider's stock valued at $52,886,000 after acquiring an additional 64,431 shares during the period. Northern Trust Corp increased its stake in shares of FTI Consulting by 20.7% during the fourth quarter. Northern Trust Corp now owns 357,614 shares of the business services provider's stock valued at $68,351,000 after acquiring an additional 61,278 shares during the period. Finally, Gotham Asset Management LLC increased its stake in shares of FTI Consulting by 356.5% during the fourth quarter. Gotham Asset Management LLC now owns 63,325 shares of the business services provider's stock valued at $12,103,000 after acquiring an additional 49,452 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Price Performance

Shares of NYSE FCN traded up $0.02 during mid-day trading on Friday, reaching $168.49. 222,062 shares of the company traded hands, compared to its average volume of 264,934. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market cap of $5.45 billion, a PE ratio of 23.73 and a beta of 0.21. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $231.65. The stock has a fifty day simple moving average of $167.16 and a 200-day simple moving average of $164.80.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.26. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The firm had revenue of $943.66 million during the quarter, compared to analyst estimates of $928.38 million. During the same quarter last year, the business posted $2.34 EPS. The company's revenue was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. Equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

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.