Barclays PLC Boosts Stake in Franklin Covey Co. (NYSE:FC)

Barclays PLC increased its stake in shares of Franklin Covey Co. (NYSE:FC) by 178.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 33,499 shares of the business services provider’s stock after buying an additional 21,489 shares during the quarter. Barclays PLC’s holdings in Franklin Covey were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in FC. B. Riley Wealth Advisors Inc. acquired a new stake in Franklin Covey during the 2nd quarter worth about $17,022,000. Harbor Capital Advisors Inc. raised its stake in shares of Franklin Covey by 137.2% in the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock worth $9,993,000 after purchasing an additional 140,537 shares during the last quarter. Dean Investment Associates LLC purchased a new position in shares of Franklin Covey in the third quarter worth about $2,259,000. Rice Hall James & Associates LLC lifted its holdings in shares of Franklin Covey by 9.0% during the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock worth $22,586,000 after purchasing an additional 45,312 shares during the period. Finally, Millennium Management LLC boosted its position in Franklin Covey by 13.5% in the second quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock valued at $5,708,000 after buying an additional 17,909 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Stock Down 0.3 %

Shares of FC stock opened at $37.00 on Friday. Franklin Covey Co. has a twelve month low of $33.75 and a twelve month high of $44.96. The stock has a market cap of $487.81 million, a P/E ratio of 21.26, a P/E/G ratio of 1.36 and a beta of 1.21. The stock has a 50 day moving average of $37.74 and a 200 day moving average of $38.84. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. The firm had revenue of $84.12 million during the quarter, compared to analyst estimates of $80.38 million. As a group, sell-side analysts expect that Franklin Covey Co. will post 1.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FC shares. StockNews.com raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barrington Research reissued an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a report on Thursday, November 7th.

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.