Goldman Sachs Group Inc. Has $8.13 Million Stock Position in FTI Consulting, Inc. $FCN

Key Points

• Goldman Sachs Group Inc. reduced its stake in FTI Consulting, Inc. by 85.4%, now owning 49,576 shares valued at approximately $8.13 million as of the latest SEC filing.
• FTI Consulting reported earnings per share (EPS) of $2.13, exceeding analyst expectations by $0.26, but experienced a 0.6% decline in revenue compared to the same quarter last year.
• The company's stock is currently down 1.4% and has fluctuated between a 52-week low of $151.75 and a high of $231.65.

Goldman Sachs Group Inc. trimmed its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 85.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,576 shares of the business services provider's stock after selling 288,986 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.14% of FTI Consulting worth $8,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in FTI Consulting in the first quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in FTI Consulting during the 1st quarter worth $33,000. Signaturefd LLC increased its stake in FTI Consulting by 65.3% during 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 during the period. Caitong International Asset Management Co. Ltd increased its stake in FTI Consulting by 26.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider's stock worth $59,000 after acquiring an additional 76 shares during the period. Finally, Curat Global LLC bought a new position in shares of FTI Consulting in the 1st quarter valued at $89,000. Institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded down $1.28 during midday trading on Friday, hitting $162.87. 118,694 shares of the company traded hands, compared to its average volume of 359,256. 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 12 month low of $151.75 and a 12 month high of $231.65. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 22.94 and a beta of 0.21. The firm's fifty day moving average price is $167.14 and its 200-day moving average price is $164.79.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.26. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The company had revenue of $943.66 million for the quarter, compared to the consensus estimate of $928.38 million. During the same quarter last year, the business posted $2.34 EPS. FTI Consulting's revenue for the quarter was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share 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.