Franklin Covey Co. (NYSE:FC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its position in Franklin Covey Co. (NYSE:FC - Free Report) by 66.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,558 shares of the business services provider's stock after selling 14,648 shares during the quarter. Jane Street Group LLC owned approximately 0.06% of Franklin Covey worth $311,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FC. State Street Corp boosted its stake in shares of Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider's stock worth $10,502,000 after buying an additional 5,955 shares during the period. Point72 Asset Management L.P. lifted its position in Franklin Covey by 26.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider's stock worth $339,000 after acquiring an additional 1,711 shares during the period. Janus Henderson Group PLC grew its stake in shares of Franklin Covey by 5.5% in the 3rd quarter. Janus Henderson Group PLC now owns 18,458 shares of the business services provider's stock valued at $759,000 after purchasing an additional 964 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Franklin Covey by 146.2% in the third quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider's stock valued at $527,000 after purchasing an additional 7,606 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Franklin Covey in the third quarter valued at approximately $515,000. Hedge funds and other institutional investors own 69.88% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barrington Research reiterated an "outperform" rating and issued a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, November 7th. StockNews.com upgraded shares of Franklin Covey from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 27th.

Franklin Covey Price Performance

Franklin Covey stock traded down $4.07 during midday trading on Friday, reaching $31.23. The company's stock had a trading volume of 292,183 shares, compared to its average volume of 118,730. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.99. The stock's 50 day simple moving average is $37.13 and its 200 day simple moving average is $38.94. Franklin Covey Co. has a fifty-two week low of $30.17 and a fifty-two week high of $44.46. The firm has a market capitalization of $411.74 million, a PE ratio of 17.95, a P/E/G ratio of 1.33 and a beta of 1.21.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. On average, equities research analysts forecast that Franklin Covey Co. will post 1.36 earnings per share for the current year.

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.