Short Interest in FTI Consulting, Inc. (NYSE:FCN) Declines By 8.8%

FTI Consulting, Inc. (NYSE:FCN) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,250,000 shares, a decrease of 8.8% from the August 30th total of 1,370,000 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 250,500 shares, the days-to-cover ratio is currently 5.0 days.

In other FTI Consulting news, insider Paul Alderman Linton sold 3,891 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $105.45, for a total value of $410,305.95. Following the completion of the transaction, the insider now owns 29,071 shares of the company’s stock, valued at approximately $3,065,536.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Vernon James Ellis sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $106.88, for a total value of $427,520.00. Following the completion of the transaction, the director now directly owns 28,093 shares of the company’s stock, valued at approximately $3,002,579.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,338 shares of company stock valued at $3,179,095. 2.19% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Huntington National Bank acquired a new stake in shares of FTI Consulting in the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of FTI Consulting in the second quarter valued at about $47,000. Carroll Financial Associates Inc. acquired a new stake in shares of FTI Consulting in the second quarter valued at about $51,000. Point72 Asset Management L.P. acquired a new stake in shares of FTI Consulting in the second quarter valued at about $59,000. Finally, NEXT Financial Group Inc acquired a new stake in shares of FTI Consulting in the second quarter valued at about $96,000. 96.84% of the stock is owned by institutional investors.

FCN traded up $0.09 on Thursday, reaching $111.99. The stock had a trading volume of 107,927 shares, compared to its average volume of 266,427. FTI Consulting has a fifty-two week low of $59.06 and a fifty-two week high of $112.96. The firm has a 50-day moving average of $108.13 and a 200-day moving average of $93.24. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 28.00 and a beta of 0.24.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, July 25th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.78. FTI Consulting had a return on equity of 14.42% and a net margin of 8.98%. The business had revenue of $606.12 million during the quarter, compared to analysts’ expectations of $528.56 million. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. Sell-side analysts anticipate that FTI Consulting will post 5.41 EPS for the current fiscal year.

FCN has been the subject of a number of recent research reports. Sidoti upped their target price on FTI Consulting from $121.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. ValuEngine cut FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, SunTrust Banks set a $120.00 target price on FTI Consulting and gave the stock a “buy” rating in a report on Friday, July 26th.

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.

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