AlphaQuest LLC Takes Position in Franklin Covey Co. (NYSE:FC)

AlphaQuest LLC purchased a new stake in Franklin Covey Co. (NYSE:FC) in the fourth quarter, HoldingsChannel reports. The firm purchased 4,507 shares of the business services provider’s stock, valued at approximately $169,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FC. Barclays PLC raised its position in 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 purchasing an additional 21,489 shares in the last quarter. State Street Corp raised its position 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 in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Franklin Covey during the fourth quarter valued at approximately $2,186,000. BNP Paribas Financial Markets raised its position in Franklin Covey by 146.2% during the third quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock valued at $527,000 after purchasing an additional 7,606 shares in the last quarter. Finally, Dean Investment Associates LLC acquired a new position in Franklin Covey during the third quarter valued at approximately $2,259,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Stock Up 2.6 %

Shares of NYSE:FC opened at $30.60 on Monday. The company has a fifty day moving average of $34.04 and a 200-day moving average of $37.11. The company has a market capitalization of $403.82 million, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. Franklin Covey Co. has a 52-week low of $28.99 and a 52-week high of $44.46.

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th.

Franklin Covey 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.