FTI Consulting, Inc. $FCN Shares Purchased by Advisors Capital Management LLC

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 raised its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,078 shares of the business services provider's stock after acquiring an additional 2,067 shares during the quarter. Advisors Capital Management LLC owned approximately 0.05% of FTI Consulting worth $2,966,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FCN. Captrust Financial Advisors grew its position in FTI Consulting by 21.1% in the 4th quarter. Captrust Financial Advisors now owns 5,446 shares of the business services provider's stock valued at $1,041,000 after acquiring an additional 950 shares in the last quarter. Cetera Investment Advisers grew its position in FTI Consulting by 111.4% in the 4th quarter. Cetera Investment Advisers now owns 2,754 shares of the business services provider's stock valued at $526,000 after acquiring an additional 1,451 shares in the last quarter. Deutsche Bank AG grew its position in FTI Consulting by 16.0% in the 4th quarter. Deutsche Bank AG now owns 5,069 shares of the business services provider's stock valued at $969,000 after acquiring an additional 698 shares in the last quarter. Ethic Inc. grew its position in shares of FTI Consulting by 15.7% during the fourth quarter. Ethic Inc. now owns 1,765 shares of the business services provider's stock worth $337,000 after buying an additional 239 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of FTI Consulting by 1,953.9% during the fourth quarter. Lazard Asset Management LLC now owns 12,200 shares of the business services provider's stock worth $2,331,000 after buying an additional 11,606 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Up 1.0%

Shares of FTI Consulting stock traded up $1.69 on Thursday, reaching $164.69. 75,435 shares of the company were exchanged, compared to its average volume of 359,374. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $231.65. The company has a market cap of $5.33 billion, a P/E ratio of 23.16 and a beta of 0.21. 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 stock's 50 day moving average price is $167.15 and its 200-day moving average price is $164.80.

FTI Consulting (NYSE:FCN - Get Free Report) last announced 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 return on equity of 12.88% and a net margin of 6.82%.The business had revenue of $943.66 million during the quarter, compared to the consensus estimate of $928.38 million. During the same period in the previous year, the company posted $2.34 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current 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.