Short Interest in FTI Consulting, Inc. (NYSE:FCN) Grows By 20.4%

FTI Consulting, Inc. (NYSE:FCN) saw a large growth in short interest in 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 trading volume, of 228,800 shares, the short-interest ratio is presently 1.4 days.

FTI Consulting Price Performance

NYSE FCN opened at $190.45 on Friday. The stock’s fifty day moving average price is $196.98 and its 200 day moving average price is $212.14. FTI Consulting has a 1 year low of $185.93 and a 1 year high of $243.60. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data 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). The firm had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 earnings per share. Research analysts expect that FTI Consulting will post 8.1 earnings per share for the current year.

Institutional Trading of FTI Consulting

Several large investors have recently made changes to their positions in FCN. Sei Investments Co. lifted its position in FTI Consulting by 4.3% during the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock valued at $23,782,000 after purchasing an additional 4,516 shares during the period. Raymond James & Associates lifted its holdings in shares of FTI Consulting by 3.6% in the 3rd quarter. Raymond James & Associates now owns 143,305 shares of the business services provider’s stock valued at $32,610,000 after buying an additional 5,044 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of FTI Consulting by 3.2% in 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 last quarter. Montanaro Asset Management Ltd boosted its stake in shares of FTI Consulting by 11.1% in the third quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider’s stock worth $6,827,000 after buying an additional 3,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in FTI Consulting by 176.5% during the third quarter. Crossmark Global Holdings Inc. now owns 6,454 shares of the business services provider’s stock worth $1,469,000 after acquiring an additional 4,120 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FCN shares. Truist Financial raised their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a 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 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.