AQR Capital Management LLC Acquires 10,621 Shares of Franklin Covey Co. (NYSE:FC)

AQR Capital Management LLC boosted its holdings in Franklin Covey Co. (NYSE:FC) by 36.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,816 shares of the business services provider’s stock after acquiring an additional 10,621 shares during the quarter. AQR Capital Management LLC owned 0.30% of Franklin Covey worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FC. Bares Capital Management Inc. raised its stake in Franklin Covey by 11.0% during the 4th quarter. Bares Capital Management Inc. now owns 458,091 shares of the business services provider’s stock valued at $19,941,000 after buying an additional 45,290 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Franklin Covey by 153.6% in the 4th quarter. EP Wealth Advisors LLC now owns 16,071 shares of the business services provider’s stock worth $700,000 after buying an additional 9,734 shares during the period. Quadrature Capital Ltd boosted its holdings in Franklin Covey by 72.7% in the 4th quarter. Quadrature Capital Ltd now owns 15,581 shares of the business services provider’s stock worth $678,000 after buying an additional 6,560 shares during the period. Mather Group LLC. bought a new position in Franklin Covey in the 1st quarter worth $73,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Franklin Covey during the first quarter valued at about $59,000. 69.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

FC has been the subject of several recent research reports. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research note on Thursday, June 27th. Finally, Roth Mkm reissued a “buy” rating and issued a $50.00 price objective on shares of Franklin Covey in a research note on Thursday, June 27th.

Franklin Covey Price Performance

Shares of FC opened at $40.04 on Friday. The firm has a market capitalization of $524.28 million, a PE ratio of 29.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. Franklin Covey Co. has a 1-year low of $32.19 and a 1-year high of $44.96. The company’s fifty day moving average price is $39.84 and its 200-day moving average price is $38.89.

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.