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

FTI Consulting, Inc. (NYSE:FCN) saw a large increase in short interest in 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. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 320,700 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of FTI Consulting

Institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its position in shares of FTI Consulting by 29.2% during the fourth quarter. Toronto Dominion Bank now owns 5,227 shares of the business services provider’s stock worth $998,000 after buying an additional 1,182 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in FTI Consulting by 16.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,736 shares of the business services provider’s stock worth $23,076,000 after acquiring an additional 16,805 shares in the last quarter. Vista Investment Management boosted its holdings in FTI Consulting by 7.3% during the 4th quarter. Vista Investment Management now owns 2,917 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 199 shares during the period. iSAM Funds UK Ltd acquired a new position in FTI Consulting in the 4th quarter valued at about $204,000. Finally, Vident Advisory LLC increased its stake in FTI Consulting by 15.6% during the fourth quarter. Vident Advisory LLC now owns 3,195 shares of the business services provider’s stock worth $611,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

Wall Street Analysts Forecast Growth

FCN has been the topic of several analyst reports. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

FTI Consulting Stock Performance

Shares of FTI Consulting stock traded up $2.84 during trading hours on Monday, hitting $164.91. The company’s stock had a trading volume of 126,265 shares, compared to its average volume of 208,505. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 21.15 and a beta of 0.14. FTI Consulting has a twelve month low of $158.88 and a twelve month high of $243.60. The firm has a fifty day moving average of $177.51 and a 200-day moving average of $196.48.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS 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 company had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. On average, sell-side analysts expect that FTI Consulting will post 8.55 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.