Teachers Advisors LLC Purchases 2,211 Shares of Franklin Covey Company (FC)

Teachers Advisors LLC lifted its position in shares of Franklin Covey Company (NYSE:FC) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,159 shares of the business services provider’s stock after purchasing an additional 2,211 shares during the period. Teachers Advisors LLC owned 0.14% of Franklin Covey worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American International Group Inc. grew its position in Franklin Covey by 7.3% during the first quarter. American International Group Inc. now owns 6,300 shares of the business services provider’s stock worth $127,000 after buying an additional 427 shares in the last quarter. Wells Fargo & Company MN grew its position in Franklin Covey by 24.5% during the first quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock worth $174,000 after buying an additional 1,693 shares in the last quarter. California Public Employees Retirement System acquired a new stake in Franklin Covey during the first quarter worth approximately $210,000. Modera Wealth Management LLC grew its position in Franklin Covey by 5.9% during the second quarter. Modera Wealth Management LLC now owns 27,281 shares of the business services provider’s stock worth $527,000 after buying an additional 1,519 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Franklin Covey by 6.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 47,866 shares of the business services provider’s stock worth $967,000 after buying an additional 3,078 shares in the last quarter. Institutional investors own 52.06% of the company’s stock.

In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $18.59, for a total value of $33,313.28. Following the sale, the director now owns 227,072 shares of the company’s stock, valued at approximately $4,221,268.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 5,377 shares of company stock worth $104,045. Company insiders own 33.50% of the company’s stock.

A number of brokerages recently issued reports on FC. Zacks Investment Research downgraded Franklin Covey from a “hold” rating to a “sell” rating in a research report on Monday. B. Riley reissued a “buy” rating and set a $22.00 price target on shares of Franklin Covey in a research report on Tuesday, November 7th. Finally, BidaskClub downgraded Franklin Covey from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Franklin Covey has an average rating of “Hold” and a consensus price target of $22.00.

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Shares of Franklin Covey Company (NYSE FC) opened at $19.15 on Thursday. Franklin Covey Company has a twelve month low of $15.20 and a twelve month high of $22.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.13 and a current ratio of 1.19.

Franklin Covey (NYSE:FC) last issued its earnings results on Thursday, November 9th. The business services provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.06). The business had revenue of $59.50 million during the quarter, compared to analyst estimates of $64.60 million. Franklin Covey had a negative net margin of 3.87% and a negative return on equity of 5.47%. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. research analysts predict that Franklin Covey Company will post -0.25 EPS for the current year.

Franklin Covey Company Profile

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

Institutional Ownership by Quarter for Franklin Covey (NYSE:FC)

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