Short Interest in Franklin Covey Co. (NYSE:FC) Grows By 117.5%

Franklin Covey Co. (NYSE:FC) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 1,010,000 shares, an increase of 117.5% from the March 15th total of 464,400 shares. Based on an average daily volume of 160,000 shares, the short-interest ratio is presently 6.3 days. Approximately 9.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

FC has been the topic of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $35.00 price target on shares of Franklin Covey in a report on Thursday, April 10th. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th.

Franklin Covey Stock Performance

FC stock opened at $20.38 on Friday. 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 1 year low of $18.94 and a 1 year high of $44.46. The company has a market cap of $264.64 million, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The stock’s fifty day moving average price is $28.44 and its 200-day moving average price is $34.35.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. The business had revenue of $59.61 million for the quarter, compared to analysts’ expectations of $62.24 million. On average, equities analysts forecast that Franklin Covey will post 0.97 earnings per share for the current year.

Institutional Trading of Franklin Covey

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FC. Geode Capital Management LLC grew its position in shares of Franklin Covey by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider’s stock valued at $11,316,000 after acquiring an additional 5,872 shares during the period. State Street Corp grew its holdings 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. increased its position in Franklin Covey by 3.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock worth $9,442,000 after buying an additional 8,310 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Franklin Covey by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider’s stock worth $5,521,000 after buying an additional 9,900 shares during the period. Finally, Royce & Associates LP lifted its position in shares of Franklin Covey by 885.5% during the 4th quarter. Royce & Associates LP now owns 140,793 shares of the business services provider’s stock valued at $5,291,000 after buying an additional 126,506 shares in the last quarter. 69.88% of the stock is owned by hedge funds and other 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.