Mawer Investment Management Discloses 10.2% Stake in FTI Consulting

TL;DR

**Mawer Investment Management now owns 10.2% of FTI Consulting, a bullish sign from a big player.**

AI Summary

Mawer Investment Management Ltd., a Canadian firm, filed an amendment to its Schedule 13G on February 5, 2024, disclosing its ownership in FTI Consulting, Inc. As of December 31, 2023, Mawer beneficially owned 3,604,978 shares of FTI Consulting's common stock, representing 10.2% of the company. This filing indicates a significant, but passive, institutional stake in FTI Consulting, which could be seen as a vote of confidence in the company's long-term prospects.

Why It Matters

This filing shows a major institutional investor, Mawer Investment Management, holds a substantial stake in FTI Consulting, signaling their belief in the company's value. For investors, this can be a positive indicator of institutional confidence.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate risks or changes in company control.

Analyst Insight

A smart investor would view this significant, passive institutional ownership as a positive signal, suggesting that a reputable firm sees long-term value in FTI Consulting. It might prompt further research into FTI Consulting's fundamentals and future prospects.

Key Numbers

• 3,604,978 — Shares Beneficially Owned (This is the total number of FTI Consulting shares Mawer Investment Management Ltd. reported owning as of December 31, 2023.)
• 10.2% — Percentage of Class (This represents the significant portion of FTI Consulting's common stock held by Mawer Investment Management Ltd., indicating a substantial institutional stake.)

Key Players & Entities

• Mawer Investment Management Ltd. (company) — the reporting person and beneficial owner of FTI Consulting shares
• FTI Consulting, Inc. (company) — the subject company whose shares are being reported
• 3,604,978 (dollar_amount) — the number of shares of common stock beneficially owned by Mawer Investment Management Ltd.
• 10.2% (dollar_amount) — the percentage of FTI Consulting's common stock beneficially owned by Mawer Investment Management Ltd.
• December 31, 2023 (date) — the date of the event which required the filing of this statement
• February 5, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Mawer Investment Management Ltd. will likely maintain its passive stake in FTI Consulting, Inc. for the foreseeable future. (Mawer Investment Management Ltd.) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• fcn13ga4q2022.htm (SC 13G/A) — 111KB
• 0000945621-24-000159.txt ( ) — 112KB

From the Filing

SC 13G/A 1 fcn13ga4q2022.htm AMENDMENT NO. 3 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3) FTI Consulting, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 302941109 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. Page 2 of 5 Pages 302941109 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Mawer Investment Management Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 3,604,978 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 3,872,664 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,872,664 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.91% (1) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) Investment Advisor (1) Based upon 35,509,721 shares of Common Stock of FTI Consulting, Inc. (the "Issuer") outstanding as of October 19, 2023, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on October 26, 2023. CUSIP No. Page 3 of 5 Pages 302941109 Item 1. (a) Name of Issuer: FTI Consulting, Inc. (b) Address of Issuer's Principal Executive Offices: 555 12th Street NW Washington, DC 20004 Item 2. (a) Name of Persons Filing: Mawer Investment Management Ltd. (b) Address of Principal Business Office or, if none, Residence : 600, 517 – 10th Avenue SW Calgary, Alberta, Canada T2R 0A8 (c) Citizenship: Canada (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 302941109 Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940. (e) [X] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G). (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940. CUSIP No. Page 4 of 5 Pages 302941109 (j) [ ] A non-U.S. institution in accordance with Section 240.13d-1(b)(1) (ii)(J). (k) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: _____________________________________________ Item 4. (a) Amount Beneficially Owned: 3,872,664 (b) Percent of Class: 10.91% (c) Number of Shares as to which the person has: (i) sole power to vote or to direct the vote: 3,604,978 (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 3,872,664 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Item 6. Not Applicable CUSIP No. Page 5 of 5 Pages 302941109 Item 7. Identification and Classification of Subsidiaries Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 30,

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View this SC 13G/A filing on SEC EDGAR