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

FTI Consulting, Inc. (NYSE:FCN) was the target of a significant 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 trading volume of 165,300 shares, the short-interest ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On FTI Consulting

Hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its stake in shares of 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 acquiring an additional 4,516 shares during the period. DB Fitzpatrick & Co Inc boosted its stake in shares of FTI Consulting by 135.1% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 3,408 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of FTI Consulting by 298.4% in the 2nd quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock valued at $875,000 after purchasing an additional 3,041 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of FTI Consulting during the 1st quarter worth approximately $673,000. Finally, American Century Companies Inc. raised its stake in shares of FTI Consulting by 76.3% during the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock worth $48,439,000 after buying an additional 97,244 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 0.4 %

FTI Consulting stock opened at $194.96 on Monday. The business has a 50 day moving average price of $216.57 and a two-hundred day moving average price of $218.32. FTI Consulting has a 12 month low of $185.93 and a 12 month high of $243.60. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 22.41 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $946.16 million. During the same period in the previous year, the business posted $2.34 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts expect that FTI Consulting will post 8.1 earnings per share for the current fiscal 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.