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

FTI Consulting, Inc. (NYSE:FCN) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 1,314,200 shares, a decline of 5.1% from the May 15th total of 1,385,000 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average daily volume of 254,200 shares, the days-to-cover ratio is presently 5.2 days.

A number of equities research analysts have recently issued reports on the company. SunTrust Banks reaffirmed a “hold” rating and set a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th.

In other news, Director Gerard E. Holthaus sold 10,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $86.75, for a total transaction of $867,500.00. Following the sale, the director now directly owns 77,759 shares of the company’s stock, valued at $6,745,593.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Holly Paul sold 9,574 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $84.41, for a total value of $808,141.34. Following the sale, the insider now directly owns 25,792 shares in the company, valued at $2,177,102.72. The disclosure for this sale can be found here. Insiders have sold a total of 28,458 shares of company stock valued at $2,446,950 in the last 90 days. Insiders own 2.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund lifted its position in shares of FTI Consulting by 4.5% during the 4th quarter. Texas Permanent School Fund now owns 25,120 shares of the business services provider’s stock worth $1,674,000 after purchasing an additional 1,080 shares during the last quarter. Parametrica Management Ltd acquired a new position in FTI Consulting in the 1st quarter valued at approximately $337,000. BlackRock Inc. grew its stake in shares of FTI Consulting by 2.4% in the 4th quarter. BlackRock Inc. now owns 5,678,229 shares of the business services provider’s stock valued at $378,396,000 after purchasing an additional 131,504 shares during the period. Nordea Investment Management AB grew its stake in shares of FTI Consulting by 70.9% in the 4th quarter. Nordea Investment Management AB now owns 107,149 shares of the business services provider’s stock valued at $7,141,000 after purchasing an additional 44,449 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of FTI Consulting by 4.3% in the 4th quarter. Two Sigma Advisers LP now owns 77,200 shares of the business services provider’s stock valued at $5,145,000 after purchasing an additional 3,155 shares during the period. 96.56% of the stock is owned by institutional investors and hedge funds.

NYSE FCN traded down $0.90 on Friday, reaching $93.15. The stock had a trading volume of 211,017 shares, compared to its average volume of 257,157. The firm has a 50 day simple moving average of $86.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.35 and a quick ratio of 2.35. FTI Consulting has a 1 year low of $59.06 and a 1 year high of $94.51. The company has a market capitalization of $3.54 billion, a P/E ratio of 23.29 and a beta of 0.26.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.63. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. The company had revenue of $551.27 million during the quarter, compared to analysts’ expectations of $517.69 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts forecast that FTI Consulting will post 4.39 EPS for the current year.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

Featured Story: What does a hold rating mean?

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.