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

Franklin Covey Co. (NYSE:FC) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 130,400 shares, an increase of 10.3% from the August 15th total of 118,200 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 39,300 shares, the short-interest ratio is presently 3.3 days.

FC stock traded up $0.69 during midday trading on Friday, reaching $34.82. The company had a trading volume of 23,618 shares, compared to its average volume of 45,883. The company has a 50 day moving average of $35.88 and a two-hundred day moving average of $32.74. Franklin Covey has a 1 year low of $20.52 and a 1 year high of $39.31. The company has a market capitalization of $486.44 million, a P/E ratio of -66.96, a PEG ratio of 4.85 and a beta of 0.85. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.31.

Several research analysts have commented on FC shares. B. Riley upped their target price on shares of Franklin Covey from $35.00 to $42.50 and gave the stock a “buy” rating in a research report on Friday, June 28th. Roth Capital increased their price objective on shares of Franklin Covey from $34.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 28th. Barrington Research increased their price objective on shares of Franklin Covey from $34.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 28th. Finally, ValuEngine cut shares of Franklin Covey from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Franklin Covey has an average rating of “Buy” and an average price target of $37.88.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new position in Franklin Covey in the 2nd quarter valued at $294,000. Centaurus Financial Inc. boosted its holdings in Franklin Covey by 3,847.8% in the 2nd quarter. Centaurus Financial Inc. now owns 15,199 shares of the business services provider’s stock valued at $517,000 after purchasing an additional 14,814 shares during the period. Vanguard Group Inc. boosted its holdings in Franklin Covey by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 543,358 shares of the business services provider’s stock valued at $18,475,000 after purchasing an additional 7,195 shares during the period. BlackRock Inc. boosted its holdings in Franklin Covey by 3.3% in the 2nd quarter. BlackRock Inc. now owns 829,686 shares of the business services provider’s stock valued at $28,209,000 after purchasing an additional 26,863 shares during the period. Finally, Northern Trust Corp boosted its holdings in Franklin Covey by 1.6% in the 2nd quarter. Northern Trust Corp now owns 137,704 shares of the business services provider’s stock valued at $4,682,000 after purchasing an additional 2,182 shares during the period. Institutional investors own 46.22% of the company’s stock.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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