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

FTI Consulting, Inc. (NYSE:FCN) was the recipient of a large growth in short interest in the month of 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 short-interest ratio is presently 1.4 days.

FTI Consulting Stock Performance

NYSE:FCN traded down $3.24 during midday trading on Friday, reaching $190.45. 273,539 shares of the stock traded hands, compared to its average volume of 226,669. The stock has a market capitalization of $6.85 billion, a PE ratio of 21.89 and a beta of 0.14. FTI Consulting has a 12-month low of $185.93 and a 12-month high of $243.60. The business has a 50-day moving average of $196.98 and a two-hundred day moving average of $212.14.

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

Institutional Investors Weigh In On FTI Consulting

Several institutional investors have recently added to or reduced their stakes in FCN. Prospera Private Wealth LLC purchased a new position in shares of FTI Consulting in the third quarter worth $34,000. Wilmington Savings Fund Society FSB purchased a new position in FTI Consulting in the 3rd quarter worth $35,000. Quarry LP raised its stake in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares during the last quarter. UMB Bank n.a. lifted its position in FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after acquiring an additional 72 shares during the period. Finally, True Wealth Design LLC purchased a new stake in FTI Consulting during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.