Harbor Capital Advisors Inc. Has $9.44 Million Holdings in Franklin Covey Co. (NYSE:FC)

Harbor Capital Advisors Inc. lifted its position in Franklin Covey Co. (NYSE:FC) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,263 shares of the business services provider’s stock after purchasing an additional 8,310 shares during the quarter. Harbor Capital Advisors Inc. owned 1.91% of Franklin Covey worth $9,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FC. B. Riley Wealth Advisors Inc. acquired a new position in shares of Franklin Covey in the 2nd quarter worth approximately $17,022,000. Dean Investment Associates LLC acquired a new position in Franklin Covey during the third quarter worth $2,259,000. Rice Hall James & Associates LLC lifted its holdings in shares of Franklin Covey by 9.0% during the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after acquiring an additional 45,312 shares during the period. Barclays PLC lifted 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 acquiring an additional 21,489 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Franklin Covey by 13.5% in the 2nd quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock valued at $5,708,000 after purchasing an additional 17,909 shares in the last quarter. 69.88% of the stock is owned by institutional investors.

Franklin Covey Trading Down 13.5 %

NYSE:FC traded down $4.77 during trading hours on Friday, hitting $30.53. 88,017 shares of the stock were exchanged, compared to its average volume of 83,796. The company’s 50 day moving average is $37.13 and its two-hundred day moving average is $38.94. The company has a market capitalization of $402.51 million, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. Franklin Covey Co. has a twelve month low of $30.52 and a twelve month high of $44.46. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. On average, sell-side analysts anticipate that Franklin Covey Co. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FC. StockNews.com raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th.

About Franklin Covey

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.