Magnetar Financial LLC Takes Position in Franklin Covey Co. (NYSE:FC)

Magnetar Financial LLC purchased a new stake in shares of Franklin Covey Co. (NYSE:FC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,198 shares of the business services provider’s stock, valued at approximately $271,000.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Franklin Covey by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after acquiring an additional 8,888 shares in the last quarter. State Street Corp boosted its stake in shares of 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 acquiring an additional 5,955 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Franklin Covey by 3.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock worth $9,442,000 after acquiring an additional 8,310 shares in the last quarter. Royce & Associates LP boosted its position in shares of Franklin Covey by 885.5% in the fourth quarter. Royce & Associates LP now owns 140,793 shares of the business services provider’s stock worth $5,291,000 after buying an additional 126,506 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Franklin Covey by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,692 shares of the business services provider’s stock worth $3,483,000 after buying an additional 539 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Price Performance

FC opened at $28.41 on Monday. The stock has a market cap of $374.90 million, a price-to-earnings ratio of 19.33, a PEG ratio of 1.74 and a beta of 1.29. Franklin Covey Co. has a 1 year low of $27.97 and a 1 year high of $44.46. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $33.48 and a 200 day moving average price of $36.72.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. Analysts forecast that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research report on Friday.

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.