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

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) was the recipient of a large growth in short interest in 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 stock are sold short. Based on an average daily trading volume, of 320,700 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FCN shares. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Truist Financial lowered FTI Consulting from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $225.00 to $178.00 in a research note on Wednesday. Finally, The Goldman Sachs Group cut their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.

FTI Consulting Price Performance

NYSE:FCN traded down $1.85 during midday trading on Wednesday, reaching $162.27. The stock had a trading volume of 110,120 shares, compared to its average volume of 209,663. The stock has a market capitalization of $5.83 billion, a P/E ratio of 20.77 and a beta of 0.14. FTI Consulting has a 1-year low of $157.67 and a 1-year high of $243.60. The firm's fifty day simple moving average is $176.37 and its 200-day simple moving average is $195.67.

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FTI Consulting (NYSE:FCN - Get Free Report) last posted 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 company had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. On average, equities research analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current fiscal year.

Institutional Trading of FTI Consulting

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