FTI Consulting, Inc. (NYSE:FCN) Sees Significant Increase in Short Interest

FTI Consulting, Inc. (NYSE:FCN) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 292,500 shares, a growth of 16.1% from the October 15th total of 252,000 shares. Based on an average daily volume of 165,300 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of FTI Consulting during the third quarter valued at approximately $34,000. Quarry LP lifted its position in FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after buying an additional 125 shares during the period. UMB Bank n.a. boosted its holdings in shares of FTI Consulting by 76.6% during the 3rd 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 in the last quarter. True Wealth Design LLC purchased a new stake in shares of FTI Consulting in the 3rd quarter worth about $38,000. Finally, Signaturefd LLC increased its stake in shares of FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 0.4 %

Shares of FTI Consulting stock opened at $194.96 on Monday. The business has a 50 day moving average of $216.57 and a 200 day moving average of $218.32. FTI Consulting has a 52 week low of $185.93 and a 52 week high of $243.60. The company has a market cap of $7.01 billion, a PE ratio of 22.41 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data 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 the consensus estimate 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 last year, the company posted $2.34 earnings per share. On average, research analysts anticipate that FTI Consulting will post 8.1 earnings per share for the current year.

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.