FTI Consulting, Inc. (NYSE:FCN) Short Interest Down 7.1% in October

FTI Consulting, Inc. (NYSE:FCNGet Rating) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 2,080,000 shares, a decrease of 7.1% from the October 15th total of 2,240,000 shares. Approximately 6.2% of the company’s shares are sold short. Based on an average daily trading volume, of 311,300 shares, the short-interest ratio is currently 6.7 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of FTI Consulting in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

FTI Consulting Stock Down 0.0 %

Shares of NYSE FCN traded down $0.01 on Friday, reaching $172.45. 1,343 shares of the company’s stock traded hands, compared to its average volume of 458,304. FTI Consulting has a 12 month low of $132.36 and a 12 month high of $190.43. The business’s 50 day simple moving average is $166.17 and its two-hundred day simple moving average is $168.05. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 27.33 and a beta of 0.22. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.19.

Insider Buying and Selling

In related news, Director Claudio Costamagna sold 8,000 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $162.00, for a total value of $1,296,000.00. Following the completion of the transaction, the director now directly owns 38,818 shares of the company’s stock, valued at $6,288,516. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.46% of the stock is owned by insiders.

Institutional Investors Weigh In On FTI Consulting

A number of institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its holdings in shares of FTI Consulting by 7.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 968 shares of the business services provider’s stock valued at $152,000 after buying an additional 71 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of FTI Consulting by 1.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,770 shares of the business services provider’s stock valued at $1,044,000 after buying an additional 75 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of FTI Consulting by 0.8% during the third quarter. Arizona State Retirement System now owns 9,367 shares of the business services provider’s stock valued at $1,552,000 after buying an additional 75 shares during the last quarter. Capital Insight Partners LLC boosted its holdings in FTI Consulting by 0.7% in the third quarter. Capital Insight Partners LLC now owns 10,584 shares of the business services provider’s stock worth $1,754,000 after purchasing an additional 77 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in FTI Consulting by 42.9% in the third quarter. Quadrant Capital Group LLC now owns 263 shares of the business services provider’s stock worth $44,000 after purchasing an additional 79 shares during the last quarter.

About FTI Consulting

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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.

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