FTI Consulting Inc. [FCN] Investment Appeal on the Rise


FTI Consulting Inc.’s filing revealed that its Director BARTLETT MARK S. unloaded Company’s shares for reported $0.94 million on Aug 30. In the deal valued at $189.75 per share,4,928 shares were sold. As a result of this transaction, BARTLETT MARK S. now holds 26,954 shares worth roughly $ 4.94 million.

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Then, Bacon Brenda J sold 3,991 shares, generating $764,077 in total proceeds. Upon selling the shares at $191.45, the Director now owns 14,172 shares.

Before that, BARTLETT MARK S. sold 3,340 shares. FTI Consulting Inc. shares valued at $631,160 were divested by the Director at a price of $188.97 per share. As a result of the transaction, BARTLETT MARK S. now holds 31,882 shares, worth roughly $5.84 million.

Goldman initiated its FTI Consulting Inc. [FCN] rating to a Neutral in a research note published on Friday, January 11, 2023; the price target was $167. PT values the company’s stock at a premium of -9.77 to its Friday closing price.

Price Performance Review of FCN

On Friday, FTI Consulting Inc. [NYSE:FCN] saw its stock fall -1.35% to $183.32. On the same session, the stock had its day’s lowest price of $181.89, but rose to a high of $187.42. Over the last five days, the stock has lost -2.15%. FTI Consulting Inc. shares have risen nearly 15.44% since the year began. Nevertheless, the stocks have risen 14.15% over the past one year. While a 52-week high of $205.63 was reached on 04/13/23, a 52-week low of $140.09 was recorded on 01/19/23. SMA at 50 days reached $188.92, while 200 days put it at $180.36. A total of 0.28 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For FCN Stock

The 24-hour chart illustrates a support level at 181.00, which if violated will result in even more drops to 178.68. On the upside, there is a resistance level at 186.53. A further resistance level may holdings at 189.74. The Relative Strength Index (RSI) on the 14-day chart is 44.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.03%. Stochastics %K at 52.89% indicates the stock is a holding.

How much short interest is there in FTI Consulting Inc.?

A steep rise in short interest was recorded in FTI Consulting Inc. stocks on Aug 14, 2023, dropping by -0.26 million shares to a total of 1.32 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.58 million shares. There was a decline of -19.7%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.10% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.51.

FTI Consulting Inc. [FCN] – Who Are The Largest Shareholders?

In filings from Mawer Investment Management Ltd., it is revealed that the company now owns 3,764,615 shares, or roughly 11.06% of the outstanding FCN shares. In other words, the investor’s shares have fallen by -54,759 from its previous 13-F filing of 3819374.0. Additionally, Kayne Anderson Rudnick Investment decreased -1.91% of its stake after which the total value it holdings stand at $597,419,964, while The Vanguard Group, Inc. added 3.87% of its stake to hold $578.74 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -130,539 shares of FTI Consulting Inc., while Neuberger Berman Investment Advis sold 1,448 shares. At present, Atlanta Capital Management Co. LL is holding 1,202,852 shares valued at $210.69 million. Victory Capital Management, Inc. owned 1,145,294 shares of the company at the time of its most recent 13F filing, worth $200.61 million.

According to FactSet, FTI Consulting Inc.’s share price will average $201.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.17 percent from its previous closing price of $185.82. Analysts expect FTI Consulting Inc. stock to reach the higher price of $210.00, while the lowest price estimate is $192.00. However, 3 analysts have rated FCN stock as an Overweight in their predictions for 2023.


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