TT International Asset Management LTD Purchases New Shares in FTI Consulting, Inc. $FCN

Key Points

• TT International Asset Management LTD has acquired a new stake in FTI Consulting, purchasing 21,431 shares valued at approximately $3.46 million, which now makes it the firm's 20th largest holding.
• FTI Consulting reported a quarterly earnings per share (EPS) of $2.13, exceeding analysts' expectations of $1.87, despite a revenue decline of 0.6% from the previous year.
• Currently, 99.36% of FTI Consulting's stock is owned by institutional investors, highlighting significant institutional interest in the company.

TT International Asset Management LTD purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,431 shares of the business services provider's stock, valued at approximately $3,461,000. FTI Consulting accounts for approximately 0.6% of TT International Asset Management LTD's investment portfolio, making the stock its 20th largest position. TT International Asset Management LTD owned 0.06% of FTI Consulting as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FCN. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of FTI Consulting by 0.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider's stock worth $560,375,000 after acquiring an additional 28,968 shares during the period. Victory Capital Management Inc. increased its stake in FTI Consulting by 11.0% in the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after acquiring an additional 153,523 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in FTI Consulting by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider's stock worth $122,929,000 after acquiring an additional 48,211 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FTI Consulting by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider's stock valued at $72,484,000 after buying an additional 2,952 shares during the period. Finally, Van Berkom & Associates Inc. raised its holdings in FTI Consulting by 10.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider's stock valued at $70,698,000 after buying an additional 40,546 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Trading Down 1.3%

NYSE:FCN traded down $2.16 during midday trading on Monday, hitting $159.58. 409,312 shares of the company traded hands, compared to its average volume of 298,703. The firm's fifty day moving average is $166.93 and its 200-day moving average is $164.60. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $231.65. The firm has a market capitalization of $5.16 billion, a P/E ratio of 22.48 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.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $928.38 million. During the same quarter in the prior year, the firm posted $2.34 EPS. FTI Consulting's quarterly revenue 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, sell-side 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.