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

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

Analyst Ratings Changes

FCN has been the subject of several recent analyst reports. Truist Financial lifted their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Stock Performance

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

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same quarter in the prior year, the company posted $2.34 EPS. FTI Consulting’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts predict that FTI Consulting will post 8.1 EPS for the current fiscal year.

Institutional Trading of FTI Consulting

Several large investors have recently modified their holdings of the company. UMB Bank n.a. increased its holdings in FTI Consulting by 76.6% during the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after buying an additional 72 shares during the last quarter. Truist Financial Corp increased its stake in shares of FTI Consulting by 2.1% in the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock worth $810,000 after purchasing an additional 76 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in FTI Consulting by 1.1% in the 2nd quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider’s stock worth $1,764,000 after purchasing an additional 86 shares during the period. Cabot Wealth Management Inc. raised its holdings in FTI Consulting by 0.6% in the 3rd quarter. Cabot Wealth Management Inc. now owns 15,271 shares of the business services provider’s stock worth $3,475,000 after purchasing an additional 94 shares during the period. Finally, Portside Wealth Group LLC lifted its position in FTI Consulting by 6.9% during the third quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Company Profile

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.