First Trust Advisors LP Reduces Holdings in Franklin Covey Co. (NYSE:FC)

First Trust Advisors LP reduced its stake in Franklin Covey Co. (NYSE:FC) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,877 shares of the business services provider’s stock after selling 3,206 shares during the quarter. First Trust Advisors LP owned about 0.27% of Franklin Covey worth $1,348,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Franklin Covey by 178.9% in the third quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock worth $1,379,000 after buying an additional 21,489 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Franklin Covey by 105.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,490 shares of the business services provider’s stock worth $473,000 after acquiring an additional 5,889 shares during the period. Harbor Capital Advisors Inc. grew its stake in Franklin Covey by 3.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock valued at $9,442,000 after purchasing an additional 8,310 shares during the last quarter. O Keefe Stevens Advisory Inc. increased its holdings in shares of Franklin Covey by 38.2% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 9,612 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 2,658 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Franklin Covey in the fourth quarter worth about $57,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FC has been the topic of several research reports. Barrington Research reiterated an “outperform” rating and issued a $35.00 price target on shares of Franklin Covey in a report on Thursday, April 10th. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 11th.

Franklin Covey Price Performance

NYSE:FC opened at $20.63 on Wednesday. The company has a 50 day moving average price of $24.87 and a 200-day moving average price of $32.48. Franklin Covey Co. has a 1-year low of $18.94 and a 1-year high of $44.46. The firm has a market cap of $267.88 million, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. The business had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. Equities research analysts forecast that Franklin Covey Co. will post 0.97 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.