FTI Consulting, Inc. $FCN Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC has reduced its holdings in FTI Consulting, Inc. by 2.4% in the first quarter, now owning approximately 290,218 shares valued at about $46.93 million.
• FTI Consulting reported a quarterly earnings per share (EPS) of $2.13, exceeding analyst expectations, despite a 0.6% decline in year-over-year revenues.
• The company has set its FY 2025 EPS guidance between $7.800 and $8.400, while analysts predict an 8.55 EPS for the current year.

AQR Capital Management LLC cut its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,218 shares of the business services provider's stock after selling 7,105 shares during the period. AQR Capital Management LLC owned about 0.85% of FTI Consulting worth $46,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FCN. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTI Consulting during the 1st quarter worth approximately $30,000. Signaturefd LLC raised its stake in shares of FTI Consulting by 65.3% in the first quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in FTI Consulting by 26.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider's stock valued at $59,000 after purchasing an additional 76 shares during the period. Curat Global LLC acquired a new position in FTI Consulting during the 1st quarter worth $89,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in FTI Consulting by 20.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 754 shares of the business services provider's stock worth $124,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Down 1.4%

Shares of FCN traded down $2.31 during midday trading on Friday, hitting $164.45. The company had a trading volume of 294,439 shares, compared to its average volume of 267,223. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $231.65. The firm has a market capitalization of $5.32 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 quick ratio of 2.11 and a current ratio of 2.11. The company's 50-day simple moving average is $167.31 and its 200-day simple moving average is $164.83.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating 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 company had revenue of $943.66 million for the quarter, compared to analysts' expectations of $928.38 million. During the same period last year, the firm earned $2.34 earnings per share. FTI Consulting's quarterly revenue 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, sell-side analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting Company 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.