Black Creek Investment Management buys $121.3 Million stake in FTI Consulting (FCN)

FTI Consulting (FCN) : Black Creek Investment Management scooped up 220,458 additional shares in FTI Consulting during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,003,480 shares of FTI Consulting which is valued at $121.3 Million.FTI Consulting makes up approximately 11.07% of Black Creek Investment Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp boosted its stake in FCN in the latest quarter, The investment management firm added 521,317 additional shares and now holds a total of 3,057,908 shares of FTI Consulting which is valued at $123.5 Million. FTI Consulting makes up approx 0.03% of Wellington Management Group Llp’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in FCN by selling 4,792 shares or 39.4% in the most recent quarter. The Hedge Fund company now holds 7,371 shares of FCN which is valued at $297,788. FTI Consulting makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Schwab Charles Investment Management Inc boosted its stake in FCN in the latest quarter, The investment management firm added 9,192 additional shares and now holds a total of 244,526 shares of FTI Consulting which is valued at $10 Million. FTI Consulting makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in FCN in the latest quarter, The investment management firm added 4,619 additional shares and now holds a total of 8,845 shares of FTI Consulting which is valued at $356,454.

FTI Consulting opened for trading at $41.77 and hit $42.06 on the upside on Wednesday, eventually ending the session at $41.87, with a gain of 0.41% or 0.17 points. The heightened volatility saw the trading volume jump to 1,56,798 shares. Company has a market cap of $1,735 M.

On the company’s financial health, FTI Consulting reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.42. The company had revenue of $470.30 million for the quarter, compared to analysts expectations of $439.32 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

FTI Consulting Inc. (FTI Consulting) is a global business advisory firm. The Company operates through five segments: Corporate Finance/Restructuring Forensic and Litigation Consulting Economic Consulting Technology and Strategic Communications. The Company assists clients addressing a range of business challenges such as restructuring (including bankruptcy) financing and credit issues and indebtedness interim business management forensic accounting and litigation matters international arbitrations merger and acquisitions (M&A) antitrust and competition matters securities litigation electronic discovery (e-discovery) management and retrieval of electronically stored information (ESI) reputation management and strategic communications. The Company also provides services to help its clients take advantage of economic regulatory financial and other business opportunities.

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