Harbor Capital Advisors Inc. Purchases 8,310 Shares of Franklin Covey Co. (NYSE:FC)

Harbor Capital Advisors Inc. lifted its position in shares of Franklin Covey Co. (NYSE:FC) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,263 shares of the business services provider’s stock after purchasing an additional 8,310 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Franklin Covey were worth $9,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FC. Rice Hall James & Associates LLC boosted 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 buying an additional 45,312 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Franklin Covey in the 2nd quarter valued at $17,022,000. Geode Capital Management LLC boosted its stake in Franklin Covey by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after purchasing an additional 8,888 shares during the period. State Street Corp increased its holdings in Franklin Covey by 2.4% during the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock worth $10,502,000 after purchasing an additional 5,955 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Franklin Covey by 13.5% in the 2nd 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 during the period. Institutional investors and hedge funds own 69.88% of the company’s stock.

Franklin Covey Stock Down 13.5 %

Shares of Franklin Covey stock traded down $4.77 during trading hours on Friday, reaching $30.53. 88,017 shares of the company’s stock were exchanged, compared to its average volume of 83,796. 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 50 day moving average of $37.13 and a two-hundred day moving average of $38.94. The stock has a market cap of $402.51 million, a P/E ratio of 17.55, a P/E/G ratio of 1.33 and a beta of 1.21. Franklin Covey Co. has a fifty-two week low of $30.52 and a fifty-two week high of $44.46.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. On average, sell-side analysts forecast that Franklin Covey Co. will post 1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FC shares. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, November 7th. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th.

Franklin Covey Company Profile

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.