Nitorum Capital L.P. Sells 11,489 Shares of FTI Consulting, Inc. $FCN

Key Points

• Nitorum Capital L.P. reduced its stake in FTI Consulting by 10.2%, now owning 101,479 shares valued at approximately $16.65 million.
• FTI Consulting reported earnings per share (EPS) of $2.13 for the latest quarter, exceeding expectations by $0.26, but revenue decreased by 0.6% compared to last year.
• Institutional investors hold 99.36% of FTI Consulting's stock, indicating strong institutional interest in the company.

Nitorum Capital L.P. lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 10.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,479 shares of the business services provider's stock after selling 11,489 shares during the quarter. FTI Consulting comprises 2.3% of Nitorum Capital L.P.'s portfolio, making the stock its 19th largest holding. Nitorum Capital L.P. owned approximately 0.30% of FTI Consulting worth $16,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FCN. Jacobs Levy Equity Management Inc. boosted its position in FTI Consulting by 1,668.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider's stock worth $50,891,000 after purchasing an additional 292,615 shares during the period. Victory Capital Management Inc. boosted its position in FTI Consulting by 11.0% during the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after purchasing an additional 153,523 shares during the period. Millennium Management LLC bought a new stake in FTI Consulting during the first quarter worth approximately $15,802,000. Boston Partners boosted its position in FTI Consulting by 67.3% during the first quarter. Boston Partners now owns 226,574 shares of the business services provider's stock worth $37,286,000 after purchasing an additional 91,182 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in FTI Consulting by 30.4% during the fourth quarter. Ameriprise Financial Inc. now owns 276,702 shares of the business services provider's stock worth $52,886,000 after purchasing an additional 64,431 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Performance

FTI Consulting stock traded up $0.02 during trading hours on Friday, reaching $168.49. 222,062 shares of the company were exchanged, compared to its average volume of 266,391. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 23.73 and a beta of 0.21. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $167.16 and a 200 day moving average of $164.81. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $231.65.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.26. The firm had revenue of $943.66 million during the quarter, compared to analysts' expectations of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The company's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, research analysts anticipate 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.