Franklin Covey Company (NYSE:FC) Short Interest Up 20.0% in February

Franklin Covey Company (NYSE:FC) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,428,258 shares, a growth of 20.0% from the February 12th total of 1,189,918 shares. Based on an average trading volume of 172,268 shares, the short-interest ratio is presently 8.3 days. Approximately 14.6% of the shares of the company are sold short. Approximately 14.6% of the shares of the company are sold short. Based on an average trading volume of 172,268 shares, the short-interest ratio is presently 8.3 days.

Institutional Trading of Franklin Covey

Several large investors have recently made changes to their positions in FC. Alliancebernstein L.P. boosted its holdings in Franklin Covey by 70.4% in the third quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after purchasing an additional 434,965 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in Franklin Covey by 0.3% in the third quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock valued at $11,477,000 after purchasing an additional 1,811 shares during the period. Federated Hermes Inc. increased its holdings in Franklin Covey by 83.9% in the 4th quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock worth $6,316,000 after acquiring an additional 171,744 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Franklin Covey by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 314,626 shares of the business services provider’s stock valued at $7,181,000 after purchasing an additional 2,118 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Franklin Covey by 886.1% in the third quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after buying an additional 233,291 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Trading Up 0.2%

Shares of FC stock traded up $0.02 during trading hours on Tuesday, reaching $12.01. 344,917 shares of the company’s stock were exchanged, compared to its average volume of 178,318. The company has a market cap of $138.72 million, a price-to-earnings ratio of -100.07, a P/E/G ratio of 0.73 and a beta of 0.74. The stock’s 50 day moving average is $17.04 and its 200-day moving average is $17.26. Franklin Covey has a fifty-two week low of $11.16 and a fifty-two week high of $30.18.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, January 7th. The business services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.30). Franklin Covey had a negative net margin of 0.54% and a positive return on equity of 9.98%. The company had revenue of $64.05 million for the quarter, compared to analyst estimates of $64.77 million. During the same quarter last year, the company earned $0.20 EPS. Equities analysts anticipate that Franklin Covey will post 0.97 EPS for the current year.

Analysts Set New Price Targets

Separately, Barrington Research boosted their target price on shares of Franklin Covey from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.00.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.