BlackRock Amends FTI Consulting Stake, Files SC 13G/A
Ticker: FCN · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 887936
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its FTI Consulting stake, watch for potential market reaction.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of FTI Consulting Inc. common stock as of December 31, 2023. This amendment (Amendment No. 15) updates their previous disclosures regarding their stake in FTI Consulting. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in FTI Consulting, providing transparency on a significant institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate high-risk event.
Analyst Insight
An investor should note BlackRock's continued involvement with FTI Consulting, but this filing alone doesn't provide enough detail on the change in ownership percentage or share count to warrant immediate action. Further investigation into the full Schedule 13G/A filing would be needed to understand the specifics of BlackRock's updated stake.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- FTI CONSULTING INC (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 15 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15)'.
Who is the 'Subject Company' in this filing?
The 'Subject Company' is FTI CONSULTING, INC, with a Central Index Key (CIK) of 0000887936, as stated in the 'SUBJECT COMPANY' section.
Who is the 'Filed By' entity in this document?
The 'Filed By' entity is BlackRock Inc., with a Central Index Key (CIK) of 0001364742, as detailed in the 'FILED BY' section.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding FTI CONSULTING, INC (FCN).