FTI Consulting, Inc. (NYSE:FCN) Short Interest Down 13.2% in May

FTI Consulting, Inc. (NYSE:FCN) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 395,200 shares, a decrease of 13.2% from the May 15th total of 455,400 shares. Based on an average daily volume of 174,100 shares, the days-to-cover ratio is currently 2.3 days.

FTI Consulting Stock Performance

Shares of NYSE FCN traded down $1.43 during trading hours on Tuesday, reaching $208.16. The stock had a trading volume of 117,519 shares, compared to its average volume of 189,025. FTI Consulting has a twelve month low of $171.81 and a twelve month high of $232.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 2.46. The business’s fifty day moving average is $214.97 and its two-hundred day moving average is $207.53. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 24.26 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47. The company had revenue of $928.60 million during the quarter, compared to the consensus estimate of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. As a group, research analysts expect that FTI Consulting will post 8.22 EPS for the current year.

Insiders Place Their Bets

In other news, insider Paul Alderman Linton sold 16,552 shares of FTI Consulting stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total value of $3,588,142.56. Following the transaction, the insider now owns 53,416 shares of the company’s stock, valued at $11,579,520.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Paul Alderman Linton sold 16,552 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total value of $3,588,142.56. Following the sale, the insider now directly owns 53,416 shares of the company’s stock, valued at $11,579,520.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ajay Sabherwal sold 596 shares of FTI Consulting stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total value of $134,773.48. Following the completion of the transaction, the chief financial officer now owns 13,455 shares in the company, valued at $3,042,579.15. The disclosure for this sale can be found here. Insiders sold 51,088 shares of company stock valued at $11,163,977 over the last 90 days. 2.51% of the stock is currently owned by company insiders.

Institutional Trading of FTI Consulting

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in FTI Consulting during the first quarter worth about $315,000. SkyView Investment Advisors LLC grew its position in FTI Consulting by 9.4% during the 1st quarter. SkyView Investment Advisors LLC now owns 8,098 shares of the business services provider’s stock worth $1,703,000 after acquiring an additional 699 shares during the last quarter. Tidal Investments LLC bought a new stake in FTI Consulting during the 1st quarter worth approximately $719,000. B. Riley Wealth Advisors Inc. increased its holdings in FTI Consulting by 100.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,369 shares of the business services provider’s stock valued at $498,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in FTI Consulting in the 1st quarter valued at $673,000. 99.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, William Blair reissued an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 26th.

About FTI Consulting

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.