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

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

Wall Street Analysts Forecast Growth

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

FTI Consulting Price Performance

NYSE:FCN opened at $194.96 on Monday. FTI Consulting has a one year low of $185.93 and a one year high of $243.60. The business has a fifty day moving average price of $216.57 and a 200-day moving average price of $218.32. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 22.41 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same quarter in the previous year, the business posted $2.34 EPS. FTI Consulting’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts expect that FTI Consulting will post 8.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Prospera Private Wealth LLC bought a new position in shares of FTI Consulting during the 3rd quarter valued at about $34,000. Quarry LP grew its position in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 125 shares during the last quarter. UMB Bank n.a. increased its position in shares of FTI Consulting by 76.6% during the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after purchasing an additional 72 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of FTI Consulting during the 3rd quarter valued at $38,000. Finally, Signaturefd LLC boosted its position 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 purchasing an additional 81 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

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.