FTI Consulting, Inc. (NYSE:FCN) Short Interest Up 10.0% in November

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FCN shares. 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 raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Trading Down 0.5 %

NYSE FCN traded down $1.04 during trading on Friday, hitting $198.67. 166,362 shares of the company traded hands, compared to its average volume of 178,978. FTI Consulting has a 12 month low of $185.93 and a 12 month high of $243.60. The business has a fifty day simple moving average of $207.15 and a 200 day simple moving average of $215.57. The company has a market capitalization of $7.14 billion, a P/E ratio of 22.84 and a beta of 0.12.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FCN. SG Americas Securities LLC boosted its holdings in FTI Consulting by 298.4% during the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock valued at $875,000 after acquiring an additional 3,041 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in FTI Consulting by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider’s stock valued at $241,000 after buying an additional 52 shares during the last quarter. Assenagon Asset Management S.A. increased its position in FTI Consulting by 325.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,576 shares of the business services provider’s stock worth $1,202,000 after buying an additional 4,266 shares during the period. Blue Trust Inc. lifted its holdings in shares of FTI Consulting by 229.1% during the second 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 position in shares of FTI Consulting by 61.0% in the second quarter. Fifth Third Wealth Advisors LLC now owns 2,857 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 1,083 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

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.