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

Franklin Covey Co. (NYSE:FC) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 283,100 shares, a growth 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 presently 4.5 days. Currently, 2.6% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th. Barrington Research restated an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a research note on Thursday, November 7th.

Franklin Covey Stock Performance

Shares of FC traded up $0.17 on Monday, reaching $33.12. 93,368 shares of the company’s stock traded hands, compared to its average volume of 67,204. The stock’s 50 day simple moving average is $36.15 and its two-hundred day simple moving average is $38.78. The stock has a market cap of $436.46 million, a PE ratio of 22.53, a PEG ratio of 1.15 and a beta of 1.21. Franklin Covey has a 52-week low of $28.99 and a 52-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.

Franklin Covey (NYSE:FC) last announced its 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 net margin of 6.85% and a return on equity of 25.63%. On average, analysts forecast that Franklin Covey will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. O Keefe Stevens Advisory Inc. grew its holdings in Franklin Covey by 38.2% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 9,612 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 2,658 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Franklin Covey by 3.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock worth $9,442,000 after acquiring an additional 8,310 shares during the period. JPMorgan Chase & Co. increased its holdings in Franklin Covey by 105.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,490 shares of the business services provider’s stock worth $473,000 after acquiring an additional 5,889 shares during the last quarter. Barclays PLC raised its stake in Franklin Covey by 178.9% in the 3rd quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after acquiring an additional 21,489 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Franklin Covey by 3.1% in the third quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after purchasing an additional 8,888 shares in the last quarter. 69.88% of the stock is owned by institutional investors.

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.