FORA Capital LLC Makes New $683,000 Investment in FTI Consulting, Inc. $FCN

Key Points

• FORA Capital LLC has acquired a new stake in FTI Consulting, buying 4,161 shares valued at approximately $683,000 during the first quarter of 2023.
• FTI Consulting reported a quarterly earnings per share of $2.13, exceeding analysts' expectations of $1.87, with revenue of $943.66 million, slightly below previous year's figures.
• Institutional investors and hedge funds own 99.36% of FTI Consulting's stock, reflecting strong market confidence and investment in the firm.

FORA Capital LLC purchased a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,161 shares of the business services provider's stock, valued at approximately $683,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FCN. Tower Research Capital LLC TRC raised its stake in FTI Consulting by 6.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,687 shares of the business services provider's stock valued at $322,000 after buying an additional 104 shares during the period. Hsbc Holdings PLC raised its stake in FTI Consulting by 56.5% in the fourth quarter. Hsbc Holdings PLC now owns 8,739 shares of the business services provider's stock valued at $1,664,000 after buying an additional 3,156 shares during the period. Voya Investment Management LLC raised its stake in FTI Consulting by 93.4% in the fourth quarter. Voya Investment Management LLC now owns 9,670 shares of the business services provider's stock valued at $1,848,000 after buying an additional 4,671 shares during the period. Quarry LP raised its stake in FTI Consulting by 115.4% in the fourth quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after buying an additional 187 shares during the period. Finally, Tudor Investment Corp ET AL bought a new stake in FTI Consulting in the fourth quarter valued at approximately $2,061,000. Institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Performance

Shares of NYSE FCN traded up $0.39 during trading hours on Monday, reaching $168.57. 208,972 shares of the stock were exchanged, compared to its average volume of 291,435. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 23.74 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. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $231.65. The stock's fifty day simple moving average is $166.45 and its 200 day simple moving average is $165.33.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.26. The company had revenue of $943.66 million for the quarter, compared to analyst estimates of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. Sell-side analysts predict 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.