Jane Street Group LLC Grows Stock Position in Franklin Covey Co. (NYSE:FC)

Jane Street Group LLC grew its position in Franklin Covey Co. (NYSE:FC - Free Report) by 200.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,673 shares of the business services provider's stock after buying an additional 15,115 shares during the quarter. Jane Street Group LLC owned 0.17% of Franklin Covey worth $852,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Franklin Covey during the 4th quarter worth $2,186,000. Tower Research Capital LLC TRC lifted its stake in shares of Franklin Covey by 509.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock worth $81,000 after purchasing an additional 1,802 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Franklin Covey by 7.2% during the 4th quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider's stock worth $5,521,000 after purchasing an additional 9,900 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Franklin Covey during the 4th quarter worth $229,000. Finally, Geode Capital Management LLC raised its stake in Franklin Covey by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider's stock valued at $11,316,000 after buying an additional 5,872 shares during the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Covey Stock Performance

Franklin Covey stock traded up $0.24 during midday trading on Thursday, hitting $23.76. 51,734 shares of the company were exchanged, compared to its average volume of 92,105. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. Franklin Covey Co. has a fifty-two week low of $18.94 and a fifty-two week high of $44.46. The business has a fifty day simple moving average of $22.35 and a two-hundred day simple moving average of $30.53. The firm has a market capitalization of $308.63 million, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.74 and a beta of 0.83.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. The company had revenue of $59.61 million for the quarter, compared to analyst estimates of $62.24 million. On average, sell-side analysts forecast that Franklin Covey Co. will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on FC. Barrington Research reiterated an "outperform" rating and issued a $35.00 price target on shares of Franklin Covey in a research note on Thursday, April 10th. Wall Street Zen lowered Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th.

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.