Franklin Covey (NYSE:FC) Upgraded to “Strong-Buy” at StockNews.com

Franklin Covey (NYSE:FC) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Franklin Covey Trading Down 1.0 %

FC stock opened at $38.99 on Friday. The business has a fifty day simple moving average of $40.18 and a 200-day simple moving average of $39.05. Franklin Covey has a 52 week low of $32.19 and a 52 week high of $44.96. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The company has a market cap of $510.38 million, a price-to-earnings ratio of 29.10, a PEG ratio of 0.95 and a beta of 1.24.

Institutional Investors Weigh In On Franklin Covey

Several institutional investors and hedge funds have recently made changes to their positions in FC. Vanguard Group Inc. lifted its position in Franklin Covey by 3.5% in the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after purchasing an additional 24,062 shares during the period. Bares Capital Management Inc. lifted its holdings in shares of Franklin Covey by 0.8% during the first quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider’s stock worth $18,125,000 after buying an additional 3,570 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Franklin Covey in the second quarter worth $17,022,000. Acadian Asset Management LLC grew its stake in shares of Franklin Covey by 12.2% in the 1st quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock valued at $9,357,000 after purchasing an additional 25,876 shares during the period. Finally, Wasatch Advisors LP bought a new stake in shares of Franklin Covey in the 1st quarter worth about $6,862,000. 69.88% of the stock is owned by institutional investors and hedge funds.

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.