Franklin Covey Co. (NYSE:FC) Brief Interest Update
Franklin Covey Co. (NYSE:FC – Get Rating) saw a significant increase in short-term interest in August. As of August 15, there was short interest totaling 308,700 shares, an increase of 58.6% from the total of 194,600 shares as of July 31. Approximately 2.6% of the company’s shares are sold short. Based on an average daily trading volume of 92,600 shares, the short interest ratio is currently 3.3 days.
Franklin Covey Institutional Negotiation
Several hedge funds have recently changed their holdings in the company. Quantbot Technologies LP acquired a new position in Franklin Covey during the first quarter worth $27,000. Amalgamated Bank acquired a new position in Franklin Covey during the first quarter worth $93,000. Alpha Paradigm Partners LLC acquired a new position in Franklin Covey during the fourth quarter worth $113,000. Lazard Asset Management LLC increased its holdings in Franklin Covey by 121.4% during the second quarter. Lazard Asset Management LLC now owns 3,974 shares of the business services provider worth $183,000 after buying 2,179 additional shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Franklin Covey by 262.4% during the second quarter. BNP Paribas Arbitrage SA now owns 4,023 shares of the business services provider worth $186,000 after buying an additional 2,913 shares in the last quarter. 57.63% of the shares are held by institutional investors and hedge funds.
Wall Street analysts predict growth
Several brokerages have weighed in on FC recently. StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong buy” rating in a research report on Tuesday. TheStreet upgraded Franklin Covey shares from a “c” rating to a “b-” rating in a Thursday, June 30 research report. One analyst gave the stock a hold rating, two gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, Franklin Covey currently has a consensus buy rating and a consensus target price of $56.50.
Franklin Covey Stock Performance
Franklin Covey’s stock traded at $1.88 at midday on Friday, hitting $48.32. 48,680 shares of the company were traded, against an average volume of 77,284. Franklin Covey has a 12-month low of $34.00 and a 12-month high of $54.10. The company’s 50-day simple moving average is $48.76 and its two-hundred-day simple moving average is $44.49. The company has a debt ratio of 0.23, a quick ratio of 0.92 and a current ratio of 0.95. The company has a market capitalization of $669.62 million, a PE ratio of 46.46, a growth price-earnings ratio of 1.91 and a beta of 1.42.
Franklin Covey (NYSE:FC – Get Rating) last released quarterly earnings data on Wednesday, June 29. The business services provider reported earnings per share of $0.26 for the quarter, beating analyst consensus estimates of $0.18 by $0.08. The company posted revenue of $66.18 million in the quarter, compared to $64.27 million expected by analysts. Franklin Covey had a return on equity of 13.82% and a net margin of 5.79%. During the same period last year, the company achieved EPS of $0.18. Stock analysts predict that Franklin Covey will post earnings per share of 0.96 for the current fiscal year.
Franklin Covey Company Profile
(Get a rating)
Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer retention and education improvement for organizations and individuals of the whole world. The Company operates through three segments: Direct Offices, International Licensees and Education Practice.
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