FTI Consulting, Inc. (NYSE:FCN) Short Interest Down 15.3% in February

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 325,000 shares, a decline 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.

Institutional Investors Weigh In On FTI Consulting

A number of large investors have recently bought and sold shares of FCN. Pacer Advisors Inc. grew its position in FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after acquiring an additional 513,549 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in FTI Consulting by 86.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider's stock worth $194,737,000 after acquiring an additional 472,245 shares during the last quarter. Black Creek Investment Management Inc. grew its position in FTI Consulting by 166.1% during the 4th quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider's stock worth $124,804,000 after acquiring an additional 407,631 shares during the last quarter. Mawer Investment Management Ltd. grew its position in FTI Consulting by 3.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock worth $777,060,000 after acquiring an additional 149,276 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in FTI Consulting during the 4th quarter worth approximately $27,726,000. 99.36% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on FCN shares. The Goldman Sachs Group cut their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Truist Financial cut their price target on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday, February 21st.

FTI Consulting Stock Performance

Shares of FCN stock traded up $1.12 during trading hours on Friday, hitting $169.87. The company had a trading volume of 373,849 shares, compared to its average volume of 191,721. FTI Consulting has a 12 month low of $161.24 and a 12 month high of $243.60. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 21.78 and a beta of 0.14. The firm's fifty day moving average is $186.87 and its 200 day moving average is $203.46.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). The company had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, sell-side analysts expect that FTI Consulting will post 8.55 EPS 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.