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StonvexFiduciary Management made a significant contrarian investment of $140.52 million in FTI Consulting (FCN) during Q1 2026, acquiring 823,713 shares despite the stock declining 10% year-over-year. While FTI reported strong Q1 revenue growth of 9.5% with Corporate Finance up 19% and Strategic Communications up 18%, adjusted EBITDA margins contracted from 12.8% to 9.8% due to rising compensation and operating expenses.
Fiduciary Management acquired 823,713 shares of FTI Consulting for approximately $140.52 million in Q1 2026, representing a contrarian bet on a high-quality business that has underperformed the market. Despite a 10% year-over-year stock decline, FTI Consulting showed strong Q1 revenue growth of 9.5% with particularly robust performance in Corporate Finance (up 19%) and Strategic Communications (up 18%), though adjusted EBITDA margins compressed from 12.8% to 9.8% due to increased compensation and SG&A expenses.
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