Jane Street Group LLC Sells 14,648 Shares of Franklin Covey Co. (NYSE:FC)

Jane Street Group LLC trimmed its holdings in Franklin Covey Co. (NYSE:FC) by 66.0% in the 3rd quarter, Holdings Channel reports. The fund owned 7,558 shares of the business services provider’s stock after selling 14,648 shares during the quarter. Jane Street Group LLC’s holdings in Franklin Covey were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new position in Franklin Covey in the 2nd quarter valued at approximately $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 valued at $9,993,000 after purchasing an additional 140,537 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in 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 worth $22,586,000 after purchasing an additional 45,312 shares during the period. Millennium Management LLC lifted 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 worth $5,708,000 after purchasing an additional 17,909 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Franklin Covey during the second quarter worth $490,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Franklin Covey Stock Performance

Franklin Covey stock opened at $35.30 on Friday. The firm has a market capitalization of $465.40 million, a P/E ratio of 20.29, a P/E/G ratio of 1.33 and a beta of 1.21. Franklin Covey Co. has a 52-week low of $33.75 and a 52-week high of $44.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.96. The stock has a fifty day moving average price of $37.22 and a two-hundred day moving average price of $38.97.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. As a group, analysts anticipate that Franklin Covey Co. will post 1.36 EPS for the current fiscal year.

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.