Franklin Covey Co. (NYSE:FC) Short Interest Update

Franklin Covey Co. (NYSE:FC) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 283,100 shares, an increase of 9.9% from the December 15th total of 257,700 shares. Based on an average trading volume of 62,900 shares, the short-interest ratio is currently 4.5 days. Approximately 2.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Franklin Covey

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC raised its position in Franklin Covey by 178.9% in the third quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock worth $1,379,000 after acquiring an additional 21,489 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Franklin Covey during the second quarter valued at about $17,022,000. State Street Corp boosted its stake in shares of Franklin Covey by 2.4% in the third quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock worth $10,502,000 after acquiring an additional 5,955 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Franklin Covey by 137.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock worth $9,993,000 after purchasing an additional 140,537 shares in the last quarter. Finally, Creative Planning bought a new position in Franklin Covey in the 3rd quarter worth approximately $301,000. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Trading Up 0.5 %

Shares of NYSE:FC traded up $0.17 during trading on Monday, reaching $33.12. 93,368 shares of the company traded hands, compared to its average volume of 67,204. The firm has a market capitalization of $436.46 million, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.15 and a beta of 1.21. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $36.15 and its 200-day moving average is $38.78. Franklin Covey has a 52-week low of $28.99 and a 52-week high of $44.46.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a net margin of 6.85% and a return on equity of 25.63%. As a group, analysts forecast that Franklin Covey will post 1.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FC. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research note on Thursday, November 7th.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.