Callan Family Office LLC Has $6.87 Million Stock Position in FTI Consulting, Inc. $FCN

Key Points

• Callan Family Office LLC significantly increased its stake in FTI Consulting by 1,194.5% during the second quarter, now owning approximately $6.87 million in stock.
• FTI Consulting recently reported quarterly earnings of $2.13 EPS, exceeding estimates, with a revenue of $943.66 million for the quarter.
• The stock has a consensus rating of "Hold" among analysts, with a consensus price target of $175.50.

Callan Family Office LLC grew its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1,194.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,562 shares of the business services provider's stock after purchasing an additional 39,274 shares during the period. Callan Family Office LLC owned approximately 0.12% of FTI Consulting worth $6,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Marks Group Wealth Management Inc raised its holdings in shares of FTI Consulting by 1.9% during the second quarter. Marks Group Wealth Management Inc now owns 50,207 shares of the business services provider's stock valued at $8,108,000 after purchasing an additional 938 shares during the period. Running Oak Capital LLC raised its holdings in shares of FTI Consulting by 8.4% during the second quarter. Running Oak Capital LLC now owns 96,942 shares of the business services provider's stock valued at $15,656,000 after purchasing an additional 7,498 shares during the period. Tilia Fiduciary Partners Inc. raised its holdings in shares of FTI Consulting by 4.9% during the second quarter. Tilia Fiduciary Partners Inc. now owns 12,382 shares of the business services provider's stock valued at $2,000,000 after purchasing an additional 581 shares during the period. Signaturefd LLC raised its holdings in shares of FTI Consulting by 67.8% during the second quarter. Signaturefd LLC now owns 344 shares of the business services provider's stock valued at $56,000 after purchasing an additional 139 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of FTI Consulting by 64.2% during the second quarter. GAMMA Investing LLC now owns 394 shares of the business services provider's stock valued at $64,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Trading Down 1.8%

Shares of FCN stock opened at $160.44 on Friday. The company has a 50 day moving average of $165.11 and a 200-day moving average of $164.38. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $231.65. The firm has a market cap of $5.19 billion, a P/E ratio of 22.60 and a beta of 0.16.

FTI Consulting (NYSE:FCN - Get Free Report) last issued 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 company 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. FTI Consulting's quarterly 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. Sell-side analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of FTI Consulting in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $175.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.