45,985 Shares in Franklin Covey Company $FC Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Franklin Covey Company (NYSE:FC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,985 shares of the business services provider’s stock, valued at approximately $1,049,000. Y Intercept Hong Kong Ltd owned approximately 0.36% of Franklin Covey as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. XTX Topco Ltd grew its stake in Franklin Covey by 472.0% in the first quarter. XTX Topco Ltd now owns 37,471 shares of the business services provider’s stock worth $1,035,000 after purchasing an additional 30,920 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Franklin Covey by 26.9% during the first quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider’s stock worth $6,589,000 after acquiring an additional 50,568 shares during the period. Alliancebernstein L.P. raised its stake in Franklin Covey by 4.4% during the first quarter. Alliancebernstein L.P. now owns 641,620 shares of the business services provider’s stock worth $17,722,000 after acquiring an additional 27,119 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in Franklin Covey by 379.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 37,600 shares of the business services provider’s stock worth $1,038,000 after acquiring an additional 29,759 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Franklin Covey in the first quarter valued at approximately $368,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FC has been the subject of a number of research reports. Roth Capital decreased their target price on Franklin Covey from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, July 7th. Barrington Research decreased their target price on Franklin Covey from $35.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, August 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Franklin Covey in a research note on Friday. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.00.

Franklin Covey Stock Performance

FC opened at $16.39 on Tuesday. The business’s 50 day moving average is $18.75 and its 200-day moving average is $20.41. The stock has a market cap of $207.20 million, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.06 and a beta of 0.86. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. Franklin Covey Company has a twelve month low of $16.31 and a twelve month high of $44.16.

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.