GSA Capital Partners LLP Buys New Holdings in Franklin Covey Co. (NYSE:FC)

GSA Capital Partners LLP bought a new stake in Franklin Covey Co. (NYSE:FC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,527 shares of the business services provider’s stock, valued at approximately $515,000. GSA Capital Partners LLP owned approximately 0.10% of Franklin Covey at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FC. B. Riley Wealth Advisors Inc. bought a new stake in Franklin Covey in the 2nd quarter valued at about $17,022,000. Harbor Capital Advisors Inc. lifted its holdings 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 valued at $9,993,000 after purchasing an additional 140,537 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Franklin Covey by 9.0% in the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after purchasing an additional 45,312 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Franklin Covey by 3.5% in the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after purchasing an additional 24,062 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of 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 purchasing an additional 17,909 shares in the last quarter. 69.88% of the stock is owned by institutional investors.

Franklin Covey Stock Performance

Shares of FC opened at $35.43 on Wednesday. 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 company has a market capitalization of $466.97 million, a price-to-earnings ratio of 20.40, a PEG ratio of 1.32 and a beta of 1.24. The stock has a 50 day moving average of $40.00 and a 200 day moving average of $39.04. Franklin Covey Co. has a 12 month low of $33.75 and a 12 month high of $44.96.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a report on Thursday, November 7th. StockNews.com lowered Franklin Covey from a “strong-buy” rating to a “buy” rating 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.