Advisors Capital Management LLC Has $2.97 Million Stock Holdings in FTI Consulting, Inc. $FCN

Key Points

• Advisors Capital Management LLC increased its holdings in FTI Consulting, Inc. by 12.9%, owning approximately $2.97 million worth of shares as of the end of the 1st quarter.
• FTI Consulting reported earnings of $2.13 per share for the last quarter, surpassing estimates, with total revenue of $943.66 million but a slight decline of 0.6% year-over-year.
• FTI Consulting's stock is currently down 1.4%, with a market cap of $5.32 billion and significant institutional ownership at 99.36% of the stock.

Advisors Capital Management LLC increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,078 shares of the business services provider's stock after buying an additional 2,067 shares during the period. Advisors Capital Management LLC owned about 0.05% of FTI Consulting worth $2,966,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTI Consulting during the 1st quarter worth approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FTI Consulting during the 1st quarter worth approximately $33,000. Signaturefd LLC boosted its position in FTI Consulting by 65.3% during the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after buying an additional 81 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in FTI Consulting by 26.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider's stock worth $59,000 after buying an additional 76 shares during the period. Finally, Curat Global LLC acquired a new stake in FTI Consulting during the 1st quarter worth approximately $89,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Down 1.4%

FTI Consulting stock opened at $164.45 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65. The firm has a 50 day moving average price of $167.31 and a two-hundred day moving average price of $164.83. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 23.16 and a beta of 0.21.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $2.34 EPS. The company's revenue was down .6% compared to the same quarter last year. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. Equities analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current 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.

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