FTI Consulting, Inc. (NYSE:FCN) Short Interest Update

FTI Consulting, Inc. (NYSE:FCN) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 323,300 shares, a growth of 20.4% from the December 15th total of 268,500 shares. Based on an average daily volume of 228,800 shares, the days-to-cover ratio is currently 1.4 days.

FTI Consulting Stock Down 1.7 %

NYSE FCN traded down $3.24 during trading hours on Friday, reaching $190.45. The company’s stock had a trading volume of 273,539 shares, compared to its average volume of 226,669. FTI Consulting has a 1 year low of $185.93 and a 1 year high of $243.60. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14. The firm’s 50-day moving average price is $196.98 and its 200-day moving average price is $212.14.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). The company had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.34 EPS. Equities research analysts anticipate that FTI Consulting will post 8.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FCN shares. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial increased their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th.

Hedge Funds Weigh In On FTI Consulting

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Choreo LLC purchased a new stake in FTI Consulting during the second quarter valued at $226,000. Oppenheimer Asset Management Inc. increased its holdings in shares of FTI Consulting by 18.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,335 shares of the business services provider’s stock worth $288,000 after buying an additional 209 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of FTI Consulting by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock valued at $149,164,000 after buying an additional 39,271 shares in the last quarter. Argent Trust Co bought a new position in shares of FTI Consulting in the 2nd quarter valued at about $218,000. Finally, Inspire Investing LLC grew its position in FTI Consulting by 5.0% in the second quarter. Inspire Investing LLC now owns 8,232 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 392 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

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.