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

FTI Consulting, Inc. (NYSE:FCN) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 325,000 shares, a decrease of 15.3% from the January 31st total of 383,800 shares. Based on an average daily volume of 254,100 shares, the short-interest ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

FCN has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective 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. Truist Financial decreased their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, February 21st.

Hedge Funds Weigh In On FTI Consulting

A number of institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc increased its stake in FTI Consulting by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 55 shares during the period. GeoWealth Management LLC increased its position in FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 57 shares during the period. Exchange Traded Concepts LLC raised its stake in FTI Consulting by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock valued at $657,000 after acquiring an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock worth $457,000 after acquiring an additional 89 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 99 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

Shares of FCN traded up $3.75 during midday trading on Friday, hitting $172.50. The company had a trading volume of 123,084 shares, compared to its average volume of 190,853. The company’s 50-day simple moving average is $186.87 and its 200-day simple moving average is $203.46. FTI Consulting has a 1 year low of $161.24 and a 1 year high of $243.60. The firm has a market capitalization of $6.20 billion, a P/E ratio of 22.09 and a beta of 0.15.

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

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.