D. E. Shaw & Co. Inc. Has $1.50 Million Holdings in Franklin Covey Co. (NYSE:FC)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Franklin Covey Co. (NYSE:FC) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,826 shares of the business services provider’s stock after selling 2,037 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.30% of Franklin Covey worth $1,497,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. EP Wealth Advisors LLC increased its stake in shares of Franklin Covey by 1.8% in the fourth quarter. EP Wealth Advisors LLC now owns 18,128 shares of the business services provider’s stock valued at $681,000 after buying an additional 319 shares during the period. Charles Schwab Investment Management Inc. raised its position in Franklin Covey by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 92,692 shares of the business services provider’s stock worth $3,483,000 after purchasing an additional 539 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Franklin Covey by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 35,317 shares of the business services provider’s stock valued at $1,327,000 after buying an additional 824 shares during the last quarter. Wiser Advisor Group LLC raised its position in shares of Franklin Covey by 100.2% during the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider’s stock worth $68,000 after acquiring an additional 907 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of Franklin Covey in the fourth quarter worth approximately $38,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Price Performance

Shares of NYSE:FC opened at $23.24 on Friday. The stock’s 50 day moving average is $22.89 and its 200-day moving average is $31.11. Franklin Covey Co. has a twelve month low of $18.94 and a twelve month high of $44.46. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $301.89 million, a price-to-earnings ratio of 15.81, a PEG ratio of 1.74 and a beta of 0.83.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $62.24 million. Sell-side analysts forecast that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FC. Barrington Research reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Franklin Covey in a research note on Thursday, April 10th. Wall Street Zen lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th.

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.