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

FTI Consulting, Inc. (NYSE:FCN) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 273,800 shares, a growth of 10.0% from the November 15th total of 248,800 shares. Based on an average daily volume of 189,300 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of FTI Consulting

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. boosted its position in shares of FTI Consulting by 3.2% during the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after buying an additional 123,177 shares during the period. State Street Corp lifted its stake in FTI Consulting by 2.7% during the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after acquiring an additional 28,105 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 39,271 shares during the period. Geode Capital Management LLC grew its position in FTI Consulting by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock valued at $157,528,000 after acquiring an additional 16,171 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in FTI Consulting by 7.7% during the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after purchasing an additional 34,144 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FCN. 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 note on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Trading Up 0.3 %

Shares of FCN opened at $199.19 on Tuesday. The company’s 50-day moving average price is $206.69 and its 200 day moving average price is $215.49. FTI Consulting has a 12-month low of $185.93 and a 12-month high of $243.60. The firm has a market cap of $7.16 billion, a P/E ratio of 22.90 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $946.16 million. During the same quarter in the prior year, the business earned $2.34 earnings per share. FTI Consulting’s revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast 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.