FTI Consulting, Inc. (NYSE:FCN) Short Interest Down 15.3% in February

FTI Consulting, Inc. (NYSE:FCN) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 325,000 shares, a decline of 15.3% from the January 31st total of 383,800 shares. Based on an average trading volume of 254,100 shares, the short-interest ratio is currently 1.3 days.

FTI Consulting Stock Performance

Shares of FCN opened at $171.13 on Wednesday. FTI Consulting has a 1 year low of $161.24 and a 1 year high of $243.60. The stock has a market capitalization of $6.15 billion, a PE ratio of 21.94 and a beta of 0.15. The company’s 50-day simple moving average is $187.85 and its 200-day simple moving average is $203.94.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The company had revenue of $894.92 million during the quarter, compared to analysts’ expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, sell-side analysts predict that FTI Consulting will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

FCN has been the subject of a number of analyst reports. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. The Goldman Sachs Group cut their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, Truist Financial dropped their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Toronto Dominion Bank grew its stake in FTI Consulting by 29.2% in the 4th quarter. Toronto Dominion Bank now owns 5,227 shares of the business services provider’s stock worth $998,000 after acquiring an additional 1,182 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in FTI Consulting by 16.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,736 shares of the business services provider’s stock worth $23,076,000 after acquiring an additional 16,805 shares in the last quarter. Vista Investment Management boosted its stake in shares of FTI Consulting by 7.3% in the fourth quarter. Vista Investment Management now owns 2,917 shares of the business services provider’s stock valued at $558,000 after purchasing an additional 199 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of FTI Consulting during the fourth quarter worth about $204,000. Finally, Vident Advisory LLC boosted its stake in shares of FTI Consulting by 15.6% during the 4th quarter. Vident Advisory LLC now owns 3,195 shares of the business services provider’s stock valued at $611,000 after buying an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

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.