Rice Hall James & Associates LLC Boosts Stake in Franklin Covey Co. (NYSE:FC)

Rice Hall James & Associates LLC raised its stake in shares of Franklin Covey Co. (NYSE:FC) by 9.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 549,145 shares of the business services provider’s stock after purchasing an additional 45,312 shares during the period. Franklin Covey accounts for about 1.2% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 23rd biggest holding. Rice Hall James & Associates LLC owned approximately 4.20% of Franklin Covey worth $22,586,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FC. Allspring Global Investments Holdings LLC purchased a new position in shares of Franklin Covey during the 1st quarter valued at $59,000. O Keefe Stevens Advisory Inc. purchased a new stake in shares of Franklin Covey during the second quarter worth about $202,000. Lazard Asset Management LLC boosted its stake in Franklin Covey by 92.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock worth $220,000 after purchasing an additional 2,699 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Franklin Covey during the 2nd quarter valued at approximately $226,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Franklin Covey during the first quarter valued at approximately $241,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Franklin Covey Stock Performance

NYSE FC opened at $39.86 on Friday. The company has a market cap of $521.77 million, a P/E ratio of 29.75, a P/E/G ratio of 0.95 and a beta of 1.24. The business’s 50 day moving average price is $40.25 and its 200-day moving average price is $39.07. Franklin Covey Co. has a fifty-two week low of $32.19 and a fifty-two week high of $44.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 26th. Barrington Research restated an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a research report on Monday.

Franklin Covey 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.