Quantbot Technologies LP Has $44,000 Holdings in Franklin Covey Co. (NYSE:FC)

Quantbot Technologies LP decreased its holdings in Franklin Covey Co. (NYSE:FC) by 26.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,061 shares of the business services provider’s stock after selling 390 shares during the period. Quantbot Technologies LP’s holdings in Franklin Covey were worth $44,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FC. Vanguard Group Inc. grew its stake in Franklin Covey by 3.5% in the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after purchasing an additional 24,062 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Franklin Covey by 9.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after buying an additional 45,312 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Franklin Covey in the second quarter worth approximately $17,022,000. Harbor Capital Advisors Inc. raised its position in Franklin Covey by 137.2% during the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after acquiring an additional 140,537 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Franklin Covey by 13.5% in the second quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock valued at $5,708,000 after acquiring an additional 17,909 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FC. StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Price Performance

NYSE FC opened at $36.18 on Friday. The company has a market cap of $476.85 million, a P/E ratio of 20.79, a P/E/G ratio of 1.34 and a beta of 1.20. Franklin Covey Co. has a 1 year low of $33.75 and a 1 year high of $44.96. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $38.92 and a 200 day simple moving average of $38.81.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. The company had revenue of $84.12 million for the quarter, compared to the consensus estimate of $80.38 million. Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. On average, sell-side analysts predict that Franklin Covey Co. will post 1.36 EPS for the current year.

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.