CW Advisors LLC Lowers Stake in FTI Consulting, Inc. $FCN

Key Points

• CW Advisors LLC sold 67.9% of its shares in FTI Consulting, reducing its holdings to 13,901 shares worth approximately $2.28 million.
• FTI Consulting reported earnings of $2.13 per share, exceeding analyst expectations, but experienced a 0.6% decline in revenue compared to the same quarter last year.
• Institutional investors own a significant 99.36% of FTI Consulting's stock, indicating strong interest and confidence from major financial entities.

CW Advisors LLC decreased its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 67.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,901 shares of the business services provider's stock after selling 29,345 shares during the period. CW Advisors LLC's holdings in FTI Consulting were worth $2,281,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in FTI Consulting by 0.4% during the first quarter. Principal Financial Group Inc. now owns 81,271 shares of the business services provider's stock valued at $13,335,000 after acquiring an additional 302 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in FTI Consulting in the 1st quarter worth $30,000. Black Diamond Financial LLC bought a new position in FTI Consulting in the 1st quarter worth $328,000. GAMMA Investing LLC grew its holdings in FTI Consulting by 7,936.5% in the first quarter. GAMMA Investing LLC now owns 39,379 shares of the business services provider's stock worth $6,461,000 after purchasing an additional 38,889 shares during the period. Finally, Two Sigma Investments LP bought a new position in FTI Consulting during the 4th quarter valued at approximately $442,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Stock Down 1.0%

NYSE:FCN traded down $1.67 on Thursday, reaching $168.27. 246,088 shares of the stock traded hands, compared to its average volume of 368,305. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 23.70 and a beta of 0.18. 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, Inc. has a 12 month low of $151.75 and a 12 month high of $231.65. The company's fifty day simple moving average is $166.12 and its 200 day simple moving average is $166.04.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.26. The firm had revenue of $943.66 million for the quarter, compared to the consensus estimate of $928.38 million. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 EPS. 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 fiscal 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.