Franklin Covey (NYSE:FC) Trading Up 5.4%

Franklin Covey Co. (NYSE:FC - Get Free Report)'s share price shot up 5.4% during mid-day trading on Tuesday . The stock traded as high as $40.36 and last traded at $40.34. 36,617 shares were traded during trading, a decline of 60% from the average session volume of 90,775 shares. The stock had previously closed at $38.28.

Analyst Ratings Changes

Several brokerages recently issued reports on FC. StockNews.com cut shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Friday. Barrington Research reissued an "outperform" rating and set a $45.00 target price on shares of Franklin Covey in a report on Monday. Roth Mkm reduced their target price on shares of Franklin Covey from $61.00 to $59.00 and set a "buy" rating for the company in a report on Tuesday, December 19th. Finally, Northland Securities cut their price objective on shares of Franklin Covey from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, March 28th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Franklin Covey currently has an average rating of "Buy" and a consensus price target of $66.33.

Franklin Covey Stock Up 5.8 %

The stock has a market capitalization of $538.38 million, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.22. The business's 50-day moving average is $39.15 and its two-hundred day moving average is $39.82. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On Franklin Covey

Several institutional investors and hedge funds have recently bought and sold shares of FC. Quantbot Technologies LP purchased a new stake in shares of Franklin Covey in the 1st quarter valued at approximately $27,000. Point72 Middle East FZE purchased a new stake in shares of Franklin Covey in the 2nd quarter valued at approximately $29,000. CWM LLC purchased a new stake in shares of Franklin Covey in the 3rd quarter valued at approximately $33,000. Tower Research Capital LLC TRC raised its stake in shares of Franklin Covey by 289.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the business services provider's stock valued at $49,000 after acquiring an additional 799 shares during the period. Finally, Alpha Paradigm Partners LLC purchased a new stake in shares of Franklin Covey in the 3rd quarter valued at approximately $62,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

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.