Short Interest in Franklin Covey Co. (NYSE:FC) Increases By 9.9%

Franklin Covey Co. (NYSE:FC) was the target of a large 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. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 62,900 shares, the days-to-cover ratio is presently 4.5 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on FC. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a report on Thursday, November 7th. StockNews.com cut shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

Franklin Covey Stock Performance

Shares of NYSE FC traded up $0.17 during trading hours on Monday, reaching $33.12. The stock had a trading volume of 93,368 shares, compared to its average volume of 67,204. Franklin Covey has a fifty-two week low of $28.99 and a fifty-two week high of $44.46. 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 firm has a market cap of $436.46 million, a price-to-earnings ratio of 22.53, a PEG ratio of 1.15 and a beta of 1.21. The firm has a 50-day moving average of $36.15 and a 200-day moving average of $38.78.

Franklin Covey (NYSE:FC) last released 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 return on equity of 25.63% and a net margin of 6.85%. Equities research analysts predict that Franklin Covey will post 1.36 earnings per share for the current year.

Hedge Funds Weigh In On Franklin Covey

Large investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of Franklin Covey by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 21,781 shares of the business services provider’s stock worth $828,000 after acquiring an additional 2,253 shares during the period. XTX Topco Ltd grew its holdings in Franklin Covey by 119.4% in the second quarter. XTX Topco Ltd now owns 12,735 shares of the business services provider’s stock valued at $484,000 after purchasing an additional 6,930 shares during the last quarter. Sei Investments Co. grew its holdings in Franklin Covey by 5.3% in the second quarter. Sei Investments Co. now owns 55,674 shares of the business services provider’s stock valued at $2,116,000 after purchasing an additional 2,811 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Franklin Covey in the second quarter valued at $226,000. Finally, AQR Capital Management LLC raised its stake in shares of Franklin Covey by 36.4% during the 2nd quarter. AQR Capital Management LLC now owns 39,816 shares of the business services provider’s stock worth $1,513,000 after buying an additional 10,621 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

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.