Millennium Management LLC Purchases 17,909 Shares of Franklin Covey Co. (NYSE:FC)

Millennium Management LLC lifted its position in Franklin Covey Co. (NYSE:FC) by 13.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,223 shares of the business services provider’s stock after purchasing an additional 17,909 shares during the quarter. Millennium Management LLC owned about 1.15% of Franklin Covey worth $5,708,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Mcmorgan & Co. LLC grew its position in Franklin Covey by 8.1% in the second quarter. Mcmorgan & Co. LLC now owns 87,188 shares of the business services provider’s stock worth $3,313,000 after acquiring an additional 6,560 shares in the last quarter. AQR Capital Management LLC grew its position in Franklin Covey by 36.4% in the second quarter. AQR Capital Management LLC now owns 39,816 shares of the business services provider’s stock worth $1,513,000 after acquiring an additional 10,621 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Franklin Covey in the second quarter worth about $226,000. Sei Investments Co. grew its position in Franklin Covey by 5.3% in the second quarter. Sei Investments Co. now owns 55,674 shares of the business services provider’s stock worth $2,116,000 after acquiring an additional 2,811 shares in the last quarter. Finally, XTX Topco Ltd grew its position in Franklin Covey by 119.4% in the second quarter. XTX Topco Ltd now owns 12,735 shares of the business services provider’s stock worth $484,000 after acquiring an additional 6,930 shares in the last quarter. 69.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Franklin Covey Stock Up 1.9 %

Shares of NYSE FC opened at $40.79 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market capitalization of $533.94 million, a price-to-earnings ratio of 30.49, a PEG ratio of 0.96 and a beta of 1.24. The stock has a 50 day moving average price of $39.84 and a 200 day moving average price of $38.89. Franklin Covey Co. has a 52-week low of $32.19 and a 52-week high of $44.96.

Franklin Covey 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.