FTI Consulting, Inc. $FCN Shares Purchased by Running Oak Capital LLC

Key Points

• Running Oak Capital LLC increased its stake in FTI Consulting, Inc. by 8.4%, owning approximately 0.28% of the company, worth around $15.66 million after acquiring additional shares.
• FTI Consulting's quarterly earnings surpassed expectations with an earnings per share (EPS) of $2.13, beating the consensus estimate of $1.87, although revenue dropped 0.6% year-over-year.
• Wall Street analysts currently rate FTI Consulting as a "Hold" with an average price target of $175.50.

Running Oak Capital LLC raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,942 shares of the business services provider's stock after acquiring an additional 7,498 shares during the quarter. Running Oak Capital LLC owned approximately 0.28% of FTI Consulting worth $15,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTI Consulting during the first quarter worth about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in FTI Consulting during the 1st quarter worth approximately $33,000. Signaturefd LLC grew its position in shares of FTI Consulting by 65.3% in the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of FTI Consulting by 26.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider's stock valued at $59,000 after acquiring an additional 76 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of FTI Consulting by 64.2% during the 2nd quarter. GAMMA Investing LLC now owns 394 shares of the business services provider's stock valued at $64,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 99.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of FTI Consulting in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $175.50.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $160.06 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market capitalization of $5.18 billion, a PE ratio of 22.54 and a beta of 0.16. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $231.65. The business's fifty day moving average price is $165.78 and its two-hundred day moving average price is $164.40.

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 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 the consensus estimate of $928.38 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

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.

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