SG Americas Securities LLC Purchases New Holdings in Franklin Covey Co. (NYSE:FC)

SG Americas Securities LLC purchased a new stake in shares of Franklin Covey Co. (NYSE:FC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,059 shares of the business services provider’s stock, valued at approximately $290,000. SG Americas Securities LLC owned about 0.05% of Franklin Covey at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Franklin Covey by 3.5% during 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 during the period. Acadian Asset Management LLC grew its holdings in Franklin Covey by 12.2% during the first quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock valued at $9,357,000 after purchasing an additional 25,876 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Franklin Covey during the second quarter valued at $17,022,000. Wasatch Advisors LP bought a new position in Franklin Covey during the first quarter valued at $6,862,000. Finally, Cornercap Investment Counsel Inc. bought a new position in Franklin Covey during the second quarter valued at $490,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Roth Mkm reaffirmed a “buy” rating and issued a $50.00 price target on shares of Franklin Covey in a report on Thursday, June 27th. StockNews.com lowered Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a report on Thursday, June 27th.

Franklin Covey Price Performance

NYSE:FC opened at $40.98 on Monday. The firm has a market capitalization of $536.59 million, a price-to-earnings ratio of 30.58, a P/E/G ratio of 0.96 and a beta of 1.24. Franklin Covey Co. has a 52-week low of $32.19 and a 52-week high of $44.96. The stock has a fifty day moving average of $40.05 and a 200 day moving average of $39.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88.

About Franklin Covey

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.