Franklin Covey (NYSE:FC) Now Covered by Northland Securities

Northland Securities began coverage on shares of Franklin Covey (NYSE:FCGet Rating) in a report issued on Thursday, MarketBeat reports. The brokerage set an “outperform” rating on the business services provider’s stock.

Separately, StockNews.com began coverage on Franklin Covey in a research note on Wednesday, October 12th. They set a “strong-buy” rating on the stock.

Franklin Covey Stock Down 1.4 %

Franklin Covey stock opened at $51.24 on Thursday. The firm has a 50 day simple moving average of $48.19 and a 200 day simple moving average of $46.02. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. Franklin Covey has a 1-year low of $34.00 and a 1-year high of $54.70. The firm has a market capitalization of $712.24 million, a price-to-earnings ratio of 39.42, a P/E/G ratio of 1.41 and a beta of 1.39.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Franklin Covey during the first quarter valued at $27,000. Barclays PLC boosted its position in shares of Franklin Covey by 61.7% during the 3rd quarter. Barclays PLC now owns 1,022 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 390 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Franklin Covey by 289.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the business services provider’s stock worth $49,000 after purchasing an additional 799 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Franklin Covey in the third quarter worth approximately $56,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in Franklin Covey in the third quarter valued at approximately $62,000. 63.52% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Covey

(Get Rating)

Franklin Covey Co is a global public company, which focuses on organizational performance improvement. It operates through the following segments: Direct Offices, Education Practice, International Licensees, and Corporate & Other. The Direct Offices segment includes sales personnel that serve the United States and Canada, international sales offices located in Japan, China, the United Kingdom, Australia, Germany, Switzerland, and Austria, governmental sales channels, coaching operations, and books and audio sales channels.

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