FTI Consulting, Inc. (NYSE:FCN) Sees Significant Increase in Short Interest

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 273,800 shares, an increase of 10.0% from the November 15th total of 248,800 shares. Based on an average daily volume of 189,300 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Truist Financial boosted their target price on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th.

Hedge Funds Weigh In On FTI Consulting

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings 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 period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of FTI Consulting by 4.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock valued at $241,000 after purchasing an additional 52 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of FTI Consulting by 325.6% in the second quarter. Assenagon Asset Management S.A. now owns 5,576 shares of the business services provider's stock valued at $1,202,000 after purchasing an additional 4,266 shares during the period. Blue Trust Inc. lifted its stake in shares of FTI Consulting by 229.1% during the 2nd quarter. Blue Trust Inc. now owns 836 shares of the business services provider's stock worth $176,000 after buying an additional 582 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of FTI Consulting by 61.0% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,857 shares of the business services provider's stock worth $616,000 after buying an additional 1,083 shares during the period. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Performance

FTI Consulting stock traded down $1.04 during mid-day trading on Friday, reaching $198.67. The company's stock had a trading volume of 166,362 shares, compared to its average volume of 178,978. The business's 50 day simple moving average is $207.15 and its 200 day simple moving average is $215.59. FTI Consulting has a 12 month low of $185.93 and a 12 month high of $243.60. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 22.84 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $946.16 million. During the same period in the prior year, the firm posted $2.34 EPS. FTI Consulting's revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that FTI Consulting will post 8.1 EPS for the current 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.