UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,474 Shares of Franklin Covey Co. (NYSE:FC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Franklin Covey Co. (NYSE:FC) by 10.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,422 shares of the business services provider’s stock after selling 2,474 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Franklin Covey worth $840,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Franklin Covey by 146.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock worth $527,000 after buying an additional 7,606 shares during the period. GSA Capital Partners LLP bought a new position in shares of Franklin Covey during the third quarter valued at approximately $515,000. Harbor Capital Advisors Inc. lifted its stake in Franklin Covey by 137.2% in the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock worth $9,993,000 after acquiring an additional 140,537 shares during the period. Rice Hall James & Associates LLC lifted its stake in Franklin Covey by 9.0% in the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock worth $22,586,000 after acquiring an additional 45,312 shares during the period. Finally, Modera Wealth Management LLC bought a new stake in Franklin Covey in the third quarter valued at $352,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Franklin Covey Price Performance

FC opened at $36.79 on Friday. Franklin Covey Co. has a 12-month low of $33.75 and a 12-month high of $44.96. The company has a market cap of $485.04 million, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. 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 stock has a fifty day simple moving average of $38.26 and a two-hundred day simple moving average of $38.79.

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 analysts’ consensus estimates of $0.82 by $0.07. The company had revenue of $84.12 million during the quarter, compared to analysts’ expectations of $80.38 million. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. Research analysts predict that Franklin Covey Co. will post 1.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FC has been the subject of several research reports. 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 reissued an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a research note on Thursday, November 7th.

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.