FTI Consulting, Inc. (NYSE:FCN) Short Interest Up 12.1% in August

FTI Consulting, Inc. (NYSE:FCNGet Rating) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,570,000 shares, a growth of 12.1% from the August 15th total of 1,400,000 shares. Based on an average daily volume of 249,200 shares, the days-to-cover ratio is currently 6.3 days. Currently, 4.7% of the company’s stock are sold short.

FTI Consulting Trading Down 0.1 %

NYSE:FCN opened at $157.01 on Wednesday. The stock has a 50-day simple moving average of $166.53 and a 200-day simple moving average of $164.85. The stock has a market cap of $5.42 billion, a P/E ratio of 25.66 and a beta of 0.30. FTI Consulting has a 1 year low of $131.50 and a 1 year high of $190.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.26 and a current ratio of 2.26.

FTI Consulting (NYSE:FCNGet Rating) last announced its earnings results on Thursday, July 28th. The business services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.24). The firm had revenue of $754.99 million during the quarter, compared to analyst estimates of $737.95 million. FTI Consulting had a net margin of 7.65% and a return on equity of 13.92%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. As a group, analysts anticipate that FTI Consulting will post 6.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Ajay Sabherwal sold 5,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $169.33, for a total transaction of $846,650.00. Following the completion of the transaction, the chief financial officer now directly owns 13,532 shares of the company’s stock, valued at approximately $2,291,373.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.46% of the stock is currently owned by insiders.

Institutional Trading of FTI Consulting

A number of large investors have recently made changes to their positions in the company. Federated Hermes Inc. boosted its position in shares of FTI Consulting by 6.5% in the 2nd quarter. Federated Hermes Inc. now owns 6,141 shares of the business services provider’s stock valued at $1,111,000 after purchasing an additional 375 shares during the period. Prelude Capital Management LLC acquired a new stake in shares of FTI Consulting in the 2nd quarter valued at about $305,000. Legal & General Group Plc raised its stake in FTI Consulting by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 86,226 shares of the business services provider’s stock valued at $15,594,000 after acquiring an additional 2,042 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in FTI Consulting by 188.1% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,337 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 873 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its stake in FTI Consulting by 91.1% during the 2nd quarter. First Republic Investment Management Inc. now owns 2,781 shares of the business services provider’s stock valued at $503,000 after acquiring an additional 1,326 shares during the last quarter.

Analyst Ratings Changes

Separately, Truist Financial upped their price objective on FTI Consulting from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, June 6th.

FTI Consulting Company Profile

(Get Rating)

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

Featured Stories

Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.