Franklin Covey Co. (NYSE:FC) Sees Significant Increase in Short Interest

Franklin Covey Co. (NYSE:FC) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 415,000 shares, an increase of 29.2% from the January 15th total of 321,200 shares. Currently, 3.7% of the company’s shares are sold short. Based on an average daily volume of 100,900 shares, the short-interest ratio is presently 4.1 days.

Hedge Funds Weigh In On Franklin Covey

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Franklin Covey by 178.9% during the third quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after buying an additional 21,489 shares during the last quarter. State Street Corp lifted its position in Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after purchasing an additional 5,955 shares during the period. Harbor Capital Advisors Inc. lifted its position in Franklin Covey by 137.2% during the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after purchasing an additional 140,537 shares during the period. Creative Planning acquired a new position in Franklin Covey during the third quarter valued at $301,000. Finally, BNP Paribas Financial Markets lifted its position in Franklin Covey by 146.2% during the third quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock valued at $527,000 after purchasing an additional 7,606 shares during the period. 69.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FC has been the topic of several research reports. StockNews.com lowered shares of 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 set a $45.00 price objective on shares of Franklin Covey in a report on Thursday, November 7th.

Franklin Covey Stock Down 2.4 %

NYSE FC traded down $0.86 on Friday, hitting $34.80. The stock had a trading volume of 105,622 shares, compared to its average volume of 132,521. The business’s fifty day moving average price is $35.97 and its 200 day moving average price is $38.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. Franklin Covey has a 52-week low of $28.99 and a 52-week high of $44.46. The stock has a market cap of $459.15 million, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

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 the consensus estimate of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. Equities research analysts anticipate that Franklin Covey will post 0.97 earnings per share for the current year.

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.