FTI Consulting, Inc. (NYSE:FCN) Short Interest Up 20.4% in December

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 323,300 shares, an increase of 20.4% from the December 15th total of 268,500 shares. Based on an average daily trading volume, of 228,800 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Prospera Private Wealth LLC acquired a new stake in FTI Consulting during the 3rd quarter valued at $34,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTI Consulting in the 3rd quarter valued at $35,000. Quarry LP raised its position in shares of FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider's stock worth $37,000 after acquiring an additional 125 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock valued at $38,000 after purchasing an additional 72 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in FTI Consulting during the 3rd quarter worth $38,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

Shares of NYSE:FCN traded down $3.24 during midday trading on Monday, reaching $190.45. 273,539 shares of the company's stock were exchanged, compared to its average volume of 226,669. The company's 50 day simple moving average is $196.98 and its two-hundred day simple moving average is $212.10. FTI Consulting has a 12 month low of $185.93 and a 12 month high of $243.60. The firm has a market capitalization of $6.84 billion, a PE ratio of 21.89 and a beta of 0.14.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). The business had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $2.34 EPS. On average, research analysts anticipate that FTI Consulting will post 8.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.