FTI Consulting, Inc. (NYSE:FCN) Sees Large Growth in Short Interest

FTI Consulting, Inc. (NYSE:FCN) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 469,400 shares, an increase of 34.9% from the February 28th total of 347,900 shares. Based on an average daily trading volume, of 320,700 shares, the short-interest ratio is presently 1.5 days. Approximately 1.3% of the company’s stock are short sold.

Institutional Trading of FTI Consulting

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting during the 3rd quarter worth $35,000. GeoWealth Management LLC boosted its holdings in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 57 shares during the period. Quarry LP grew its position in shares of FTI Consulting by 337.8% during the third 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. True Wealth Design LLC acquired a new stake in shares of FTI Consulting in the 3rd quarter worth about $38,000. Finally, Jones Financial Companies Lllp lifted its position in FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 197 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Truist Financial reduced their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group lowered their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st.

FTI Consulting Stock Down 0.1 %

FCN stock traded down $0.08 during trading on Tuesday, hitting $164.00. 290,783 shares of the company’s stock traded hands, compared to its average volume of 210,032. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 21.03 and a beta of 0.14. FTI Consulting has a 52 week low of $158.88 and a 52 week high of $243.60. The stock has a fifty day moving average price of $176.37 and a two-hundred day moving average price of $195.67.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. As a group, equities research analysts expect that FTI Consulting will post 8.55 EPS for the current fiscal 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.