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

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 days-to-cover ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Truist Financial upped their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research 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.

Hedge Funds Weigh In On FTI Consulting

A number of large investors have recently bought and sold shares of the business. Mawer Investment Management Ltd. grew its stake in FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after acquiring an additional 123,177 shares in the last quarter. State Street Corp grew its stake in FTI Consulting by 2.7% in the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after purchasing an additional 28,105 shares in the last quarter. Dimensional Fund Advisors LP increased 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 worth $149,164,000 after purchasing an additional 39,271 shares during the period. Geode Capital Management LLC increased its holdings in FTI Consulting by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after purchasing an additional 16,171 shares during the period. Finally, Stephens Investment Management Group LLC raised its position in FTI Consulting by 7.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock valued at $108,099,000 after purchasing an additional 34,144 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 1.7 %

FCN stock traded down $3.24 during mid-day trading on Friday, hitting $190.45. The company had a trading volume of 273,539 shares, compared to its average volume of 226,669. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14. The company has a 50-day moving average price of $196.98 and a 200 day moving average price of $212.14. FTI Consulting has a 12-month low of $185.93 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN) last posted 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). 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 during the quarter, compared to the consensus estimate of $946.16 million. During the same period in the previous year, the business earned $2.34 earnings per share. FTI Consulting’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts expect that FTI Consulting will post 8.1 EPS for the current year.

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.