FTI Consulting, Inc. (NYSE:FCN) Short Interest Up 34.9% in March

FTI Consulting, Inc. (NYSE:FCN) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 469,400 shares, a growth of 34.9% from the February 28th total of 347,900 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 320,700 shares, the short-interest ratio is currently 1.5 days.

FTI Consulting Stock Performance

Shares of FTI Consulting stock traded down $4.34 during midday trading on Wednesday, reaching $159.78. 33,101 shares of the company’s stock traded hands, compared to its average volume of 311,117. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 20.53 and a beta of 0.14. FTI Consulting has a 52 week low of $157.52 and a 52 week high of $243.60. The company’s 50 day simple moving average is $176.37 and its 200 day simple moving average is $195.67.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FCN. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Truist Financial lowered shares of FTI Consulting from a “buy” rating to a “hold” rating and reduced their price target for the stock from $225.00 to $178.00 in a research note on Wednesday. Finally, The Goldman Sachs Group decreased their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

Institutional Investors Weigh In On FTI Consulting

Several hedge funds have recently made changes to their positions in FCN. Cerity Partners LLC boosted its stake in FTI Consulting by 644.3% in the 3rd quarter. Cerity Partners LLC now owns 7,480 shares of the business services provider’s stock valued at $1,702,000 after buying an additional 6,475 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in FTI Consulting in the 3rd quarter valued at about $242,000. FMR LLC raised its stake in shares of FTI Consulting by 13.6% in the third quarter. FMR LLC now owns 325,680 shares of the business services provider’s stock worth $74,112,000 after acquiring an additional 38,977 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of FTI Consulting during the third quarter worth approximately $671,000. Finally, BNP Paribas Financial Markets lifted its holdings in FTI Consulting by 220.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,004 shares of the business services provider’s stock worth $2,049,000 after buying an additional 6,195 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

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.