Alliancebernstein L.P. Sells 4,366 Shares of FTI Consulting, Inc. $FCN

Key Points

• Alliancebernstein L.P. reduced its stake in FTI Consulting by 0.6%, now holding approximately 736,492 shares worth around $120.84 million.
• Other institutional investors, like Victory Capital Management and Boston Partners, increased their holdings in FTI Consulting by 11.0% and 67.3% respectively during the first quarter.
• FTI Consulting reported quarterly earnings of $2.13 per share, exceeding estimates, with revenue of $943.66 million, but seeing a 0.6% year-over-year decline in revenue.

Alliancebernstein L.P. lowered its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 736,492 shares of the business services provider's stock after selling 4,366 shares during the quarter. Alliancebernstein L.P. owned approximately 2.15% of FTI Consulting worth $120,844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in FTI Consulting by 11.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after buying an additional 153,523 shares in the last quarter. Boston Partners raised its holdings in FTI Consulting by 67.3% during the 1st quarter. Boston Partners now owns 226,574 shares of the business services provider's stock worth $37,286,000 after purchasing an additional 91,182 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in FTI Consulting by 30.4% during the 4th quarter. Ameriprise Financial Inc. now owns 276,702 shares of the business services provider's stock worth $52,886,000 after purchasing an additional 64,431 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in FTI Consulting during the 1st quarter valued at about $8,422,000. Finally, Gotham Asset Management LLC boosted its stake in shares of FTI Consulting by 356.5% in the 4th quarter. Gotham Asset Management LLC now owns 63,325 shares of the business services provider's stock valued at $12,103,000 after purchasing an additional 49,452 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Trading Down 2.6%

Shares of FCN traded down $4.36 on Wednesday, reaching $162.82. 33,574 shares of the company's stock were exchanged, compared to its average volume of 361,394. The business has a 50 day moving average price of $167.33 and a two-hundred day moving average price of $164.85. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $231.65. The stock has a market capitalization of $5.27 billion, a P/E ratio of 22.91 and a beta of 0.21. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating 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 company had revenue of $943.66 million during the quarter, compared to analysts' expectations of $928.38 million. During the same quarter in the previous year, the company posted $2.34 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. Research analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share 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.