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

Franklin Covey Co. (NYSE:FC) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 283,100 shares, an increase of 9.9% from the December 31st 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 shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in shares of Franklin Covey during the 4th quarter worth approximately $38,000. R Squared Ltd acquired a new position in shares of Franklin Covey in the fourth quarter worth $57,000. Cubist Systematic Strategies LLC acquired a new position in shares of Franklin Covey in the second quarter worth $226,000. Point72 Asset Management L.P. purchased a new stake in shares of Franklin Covey in the second quarter valued at $248,000. Finally, O Keefe Stevens Advisory Inc. boosted its stake in shares of Franklin Covey by 30.6% during the third quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 1,629 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Wall Street Analyst Weigh In

FC has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a research report on Thursday, November 7th. StockNews.com lowered Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

Franklin Covey Price Performance

FC stock traded down $1.00 during trading on Monday, reaching $36.91. 109,498 shares of the company were exchanged, compared to its average volume of 131,524. Franklin Covey has a 52-week low of $28.99 and a 52-week high of $44.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. The company has a market cap of $487.20 million, a P/E ratio of 25.11, a PEG ratio of 1.95 and a beta of 1.20. The stock’s 50 day moving average price is $35.87 and its 200 day moving average price is $38.46.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 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%. As a group, analysts predict that Franklin Covey will post 0.97 earnings per share for the current fiscal 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.