Franklin Covey Co. (NYSE:FC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of Franklin Covey Co. (NYSE:FC) by 5.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,603 shares of the business services provider’s stock after selling 8,300 shares during the quarter. Renaissance Technologies LLC owned about 1.04% of Franklin Covey worth $5,191,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FC. Allspring Global Investments Holdings LLC purchased a new position in shares of Franklin Covey in the 1st quarter valued at about $59,000. Mather Group LLC. purchased a new stake in shares of Franklin Covey during the 1st quarter worth $73,000. O Keefe Stevens Advisory Inc. acquired a new position in shares of Franklin Covey during the second quarter worth $202,000. Lazard Asset Management LLC increased its holdings in 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 valued at $220,000 after buying an additional 2,699 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Franklin Covey in the first quarter valued at $241,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Franklin Covey Price Performance

Shares of NYSE FC opened at $40.99 on Friday. 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 stock has a market cap of $536.72 million, a P/E ratio of 30.59, a P/E/G ratio of 0.98 and a beta of 1.24. The stock has a 50 day moving average of $40.13 and a two-hundred day moving average of $38.81. Franklin Covey Co. has a twelve month low of $32.19 and a twelve month high of $44.96.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Franklin Covey had a net margin of 6.50% and a return on equity of 24.90%. The company had revenue of $73.37 million for the quarter, compared to analyst estimates of $72.12 million. During the same period in the previous year, the business posted $0.32 earnings per share. On average, research analysts forecast that Franklin Covey Co. will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $50.00 price objective on shares of Franklin Covey in a report on Thursday, June 27th. Barrington Research restated an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, June 27th. Finally, StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th.

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.