Freestone Grove Partners LP Takes $2.33 Million Position in FTI Consulting, Inc. $FCN

Key Points

• Freestone Grove Partners LP acquired 15,621 shares of FTI Consulting worth approximately $2.33 million, representing a 0.06% stake. Institutional investors collectively own 99.36% of the company.
• FTI Consulting reported quarterly revenue of $993.46 million, up 5.3% year over year, while earnings per share of $2.16 narrowly missed estimates. Analysts maintain a consensus “Hold” rating with a $174.50 price target.
• The company authorized a $370 million share-repurchase plan, allowing it to buy back up to 7.9% of outstanding shares, while FCN traded at $153.95 and remained below its 52-week high of $189.30.

Freestone Grove Partners LP purchased a new position in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,621 shares of the business services provider's stock, valued at approximately $2,328,000. Freestone Grove Partners LP owned 0.06% of FTI Consulting as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of FTI Consulting during the 2nd quarter worth approximately $408,202,000. Victory Capital Management Inc. boosted its position in shares of FTI Consulting by 44.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,634,051 shares of the business services provider's stock valued at $279,145,000 after purchasing an additional 503,885 shares in the last quarter. Black Creek Investment Management Inc. boosted its position in shares of FTI Consulting by 60.0% during the fourth quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider's stock valued at $183,172,000 after purchasing an additional 402,008 shares in the last quarter. Norges Bank purchased a new stake in FTI Consulting in the fourth quarter worth $61,137,000. Finally, Neumeier Poma Investment Counsel LLC bought a new position in FTI Consulting in the second quarter worth $44,699,275. Institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

FCN has been the subject of several recent research reports. Weiss Ratings lowered FTI Consulting from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Wall Street Zen lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Truist Financial lifted their price target on shares of FTI Consulting from $165.00 to $180.00 and gave the company a "hold" rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group set a $169.00 price objective on shares of FTI Consulting in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, FTI Consulting currently has an average rating of "Hold" and a consensus price target of $174.50.

FTI Consulting Trading Up 1.3%

NYSE:FCN opened at $153.95 on Friday. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 18.62 and a beta of -0.05. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.76. The company's 50 day moving average price is $154.76 and its 200-day moving average price is $161.83. FTI Consulting, Inc. has a 52 week low of $137.65 and a 52 week high of $189.30.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.16 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.01). FTI Consulting had a return on equity of 15.91% and a net margin of 6.44%.The firm had revenue of $993.46 million during the quarter, compared to analysts' expectations of $992.75 million. During the same quarter in the previous year, the firm earned $2.13 earnings per share. FTI Consulting's revenue was up 5.3% on a year-over-year basis. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. On average, equities research analysts forecast that FTI Consulting, Inc. will post 9.25 earnings per share for the current fiscal year.

FTI Consulting announced that its Board of Directors has initiated a share repurchase plan on Friday, June 5th that authorizes the company to buyback $370.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 7.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

FTI Consulting Company Profile

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company's primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.

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