Amundi Has $3.35 Million Position in FTI Consulting, Inc. $FCN

Amundi lifted its stake in FTI Consulting, Inc. (NYSE:FCN) by 103,645.0% during the first quarter, HoldingsChannel reports. The fund owned 20,749 shares of the business services provider’s stock after purchasing an additional 20,729 shares during the quarter. Amundi’s holdings in FTI Consulting were worth $3,350,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FCN. Cubist Systematic Strategies LLC acquired a new position in FTI Consulting in the 1st quarter valued at $8,422,000. Royal Bank of Canada grew its stake in FTI Consulting by 7.4% in the 1st quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider’s stock valued at $6,860,000 after buying an additional 2,889 shares during the last quarter. Quarry LP grew its position in FTI Consulting by 207.7% in the 1st quarter. Quarry LP now owns 1,074 shares of the business services provider’s stock worth $176,000 after purchasing an additional 725 shares during the last quarter. State of Wyoming grew its position in FTI Consulting by 5.1% in the 1st quarter. State of Wyoming now owns 1,453 shares of the business services provider’s stock worth $238,000 after purchasing an additional 70 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in FTI Consulting in the 1st quarter worth $683,000. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

NYSE FCN opened at $166.80 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 23.49 and a beta of 0.21. The company’s fifty day moving average is $167.32 and its two-hundred day moving average is $164.83. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65.

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

About FTI Consulting

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.