Laurus Global Equity Management Inc. Sells 750 Shares of FTI Consulting, Inc. $FCN

Laurus Global Equity Management Inc. reduced its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 17,550 shares of the business services provider’s stock after selling 750 shares during the period. FTI Consulting makes up approximately 1.9% of Laurus Global Equity Management Inc.’s portfolio, making the stock its 13th largest position. Laurus Global Equity Management Inc.’s holdings in FTI Consulting were worth $2,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Isthmus Partners LLC boosted its holdings in FTI Consulting by 2.7% during the first quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider’s stock worth $394,000 after purchasing an additional 63 shares during the last quarter. State of Wyoming boosted its stake in shares of FTI Consulting by 5.1% during the 1st quarter. State of Wyoming now owns 1,453 shares of the business services provider’s stock worth $238,000 after buying an additional 70 shares during the last quarter. Caitong International Asset Management Co. Ltd grew 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 in the last quarter. Signaturefd LLC increased its position in shares of FTI Consulting by 65.3% in the first quarter. Signaturefd LLC now owns 205 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. Finally, Mayfair Advisory Group LLC raised its holdings in FTI Consulting by 7.3% during the first quarter. Mayfair Advisory Group LLC now owns 1,309 shares of the business services provider’s stock worth $215,000 after acquiring an additional 89 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FTI Consulting in a research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $175.50.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $160.06 on Monday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average price is $165.78 and its two-hundred day moving average price is $164.40. The company has a market cap of $5.18 billion, a PE ratio of 22.54 and a beta of 0.16. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $231.65.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 earnings per share (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 analysts’ expectations of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, 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.