Los Angeles Capital Management LLC Has $1.99 Million Position in Franklin Covey Co. (NYSE:FC)

Los Angeles Capital Management LLC cut its holdings in Franklin Covey Co. (NYSE:FC) by 7.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,767 shares of the business services provider’s stock after selling 4,319 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.38% of Franklin Covey worth $1,993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Franklin Covey by 46.3% during the fourth quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock worth $155,000 after buying an additional 1,128 shares during the last quarter. Barclays PLC boosted its holdings in Franklin Covey by 19.7% during the third quarter. Barclays PLC now owns 5,921 shares of the business services provider’s stock worth $254,000 after buying an additional 975 shares during the last quarter. Legato Capital Management LLC boosted its holdings in Franklin Covey by 8.8% during the fourth quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock worth $263,000 after buying an additional 489 shares during the last quarter. Mackenzie Financial Corp bought a new position in Franklin Covey during the fourth quarter worth about $330,000. Finally, Quadrature Capital Ltd raised its position in shares of Franklin Covey by 54.7% during the third quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock worth $387,000 after purchasing an additional 3,189 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FC. StockNews.com lowered Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Friday. Northland Securities dropped their price target on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Tuesday, June 18th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $66.33.

Franklin Covey Stock Up 0.1 %

Shares of Franklin Covey stock opened at $33.95 on Friday. The business’s 50 day simple moving average is $37.51 and its 200 day simple moving average is $39.13. Franklin Covey Co. has a 52-week low of $32.19 and a 52-week high of $48.76. The firm has a market cap of $450.38 million, a PE ratio of 27.60, a P/E/G ratio of 0.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, March 27th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Franklin Covey had a return on equity of 23.23% and a net margin of 6.13%. The business had revenue of $61.34 million for the quarter, compared to analyst estimates of $62.03 million. On average, analysts predict that Franklin Covey Co. will post 1.71 earnings per share for the current fiscal year.

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.