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

FTI Consulting, Inc. (NYSE:FCN) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 292,500 shares, a growth of 16.1% from the October 15th total of 252,000 shares. Based on an average trading volume of 165,300 shares, the short-interest ratio is presently 1.8 days.

FTI Consulting Stock Down 0.4 %

NYSE:FCN opened at $194.96 on Monday. The company has a market cap of $7.01 billion, a P/E ratio of 22.41 and a beta of 0.12. FTI Consulting has a twelve month low of $185.93 and a twelve month high of $243.60. The business has a 50 day moving average price of $216.57 and a two-hundred day moving average price of $218.32.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). The business had revenue of $926.00 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 EPS. As a group, analysts anticipate that FTI Consulting will post 8.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTI Consulting

Several hedge funds have recently modified their holdings of FCN. Mawer Investment Management Ltd. grew its stake in shares of FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after buying an additional 123,177 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in FTI Consulting in the third quarter valued at $23,351,000. American Century Companies Inc. grew its position in shares of FTI Consulting by 76.3% in the 2nd quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after acquiring an additional 97,244 shares during the period. Greenvale Capital LLP increased its stake in shares of FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock worth $77,591,000 after purchasing an additional 85,000 shares during the last quarter. Finally, Mountain Pacific Investment Advisers LLC raised its holdings in shares of FTI Consulting by 563.7% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock valued at $15,104,000 after purchasing an additional 56,373 shares during the period. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FCN. Truist Financial boosted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

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.