Franklin Covey Co. (NYSE:FC) Short Interest Up 9.9% in December

Franklin Covey Co. (NYSE:FC) was the recipient of 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. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 62,900 shares, the days-to-cover ratio is presently 4.5 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Franklin Covey

Hedge funds and other institutional investors have recently made changes to their positions in the stock. O Keefe Stevens Advisory Inc. raised its stake in Franklin Covey by 38.2% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 9,612 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 2,658 shares during the period. Harbor Capital Advisors Inc. raised its stake in Franklin Covey by 3.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock valued at $9,442,000 after acquiring an additional 8,310 shares during the period. JPMorgan Chase & Co. raised its stake 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 valued at $473,000 after acquiring an additional 5,889 shares during the period. 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 raised its stake in Franklin Covey by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock valued at $12,143,000 after acquiring an additional 8,888 shares during the period. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Stock Performance

Shares of NYSE:FC traded up $0.17 during midday trading on Monday, reaching $33.12. The company had a trading volume of 93,368 shares, compared to its average volume of 67,204. The company’s 50 day moving average price is $36.15 and its 200 day moving average price is $38.78. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The stock has a market cap of $436.46 million, a P/E ratio of 22.53, a P/E/G 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.

Franklin Covey (NYSE:FC) last issued 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 25.63% and a net margin of 6.85%. As a group, sell-side analysts anticipate that Franklin Covey will post 1.36 EPS for the current fiscal year.

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.