T. Rowe Price Investment Management Inc. Sells 565,672 Shares of FTI Consulting, Inc. $FCN

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in FTI Consulting, Inc. by 55.5%, now holding 453,196 shares valued at approximately $74.36 million.
• Various institutional investors, including Barclays and Dimensional Fund Advisors, increased their stakes in FTI Consulting during the last quarter, reflecting ongoing interest in the company.
• FTI Consulting reported earnings of $2.13 per share, beating estimates, with a consensus target price of $175.50 from analysts, indicating a "Hold" rating on the stock.

T. Rowe Price Investment Management Inc. cut its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 55.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 453,196 shares of the business services provider's stock after selling 565,672 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.32% of FTI Consulting worth $74,361,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FCN. GeoWealth Management LLC grew its stake in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after buying an additional 57 shares during the last quarter. Isthmus Partners LLC lifted its stake in shares of FTI Consulting by 2.7% in the 1st quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider's stock valued at $394,000 after purchasing an additional 63 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 buying an additional 76 shares in the last quarter. Signaturefd LLC grew its holdings in FTI Consulting by 65.3% in the first quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after purchasing an additional 81 shares during the period. Finally, Mayfair Advisory Group LLC increased its stake in FTI Consulting by 7.3% in the first quarter. Mayfair Advisory Group LLC now owns 1,309 shares of the business services provider's stock valued at $215,000 after purchasing an additional 89 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Down 1.3%

Shares of NYSE FCN traded down $2.28 during midday trading on Thursday, hitting $167.66. 69,157 shares of the stock traded hands, compared to its average volume of 367,254. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $231.65. The business has a 50 day moving average price of $166.12 and a two-hundred day moving average price of $166.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market cap of $5.43 billion, a PE ratio of 23.62 and a beta of 0.18.

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