Rice Hall James & Associates LLC Acquires 45,312 Shares of Franklin Covey Co. (NYSE:FC)

Rice Hall James & Associates LLC lifted its holdings in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 549,145 shares of the business services provider's stock after buying an additional 45,312 shares during the period. Franklin Covey makes up about 1.2% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 23rd largest holding. Rice Hall James & Associates LLC owned about 4.20% of Franklin Covey worth $22,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FC. Allspring Global Investments Holdings LLC bought a new stake in Franklin Covey in the first quarter worth about $59,000. O Keefe Stevens Advisory Inc. bought a new position in Franklin Covey during the second quarter valued at about $202,000. Lazard Asset Management LLC lifted its stake in shares of Franklin Covey by 92.7% in the first quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider's stock worth $220,000 after buying an additional 2,699 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Franklin Covey during the 2nd quarter valued at approximately $226,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Franklin Covey in the 1st quarter worth $241,000. 69.88% of the stock is owned by institutional investors.

Franklin Covey Price Performance

NYSE:FC traded down $0.31 during mid-day trading on Friday, hitting $39.50. The company's stock had a trading volume of 32,016 shares, compared to its average volume of 72,678. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $517.06 million, a price-to-earnings ratio of 29.62, a P/E/G ratio of 0.95 and a beta of 1.24. Franklin Covey Co. has a fifty-two week low of $32.19 and a fifty-two week high of $44.96. The stock has a fifty day moving average of $40.25 and a 200-day moving average of $39.07.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com upgraded Franklin Covey from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 26th. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Franklin Covey in a research report on Monday.

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.