Modera Wealth Management LLC Sells 878 Shares of Franklin Covey Co. (NYSE:FC)

Modera Wealth Management LLC decreased its position in shares of Franklin Covey Co. (NYSE:FC) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,113 shares of the business services provider’s stock after selling 878 shares during the period. Modera Wealth Management LLC owned about 0.05% of Franklin Covey worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in Franklin Covey in the 3rd quarter worth approximately $31,000. Dupont Capital Management Corp bought a new stake in shares of Franklin Covey during the third quarter worth $81,000. Russell Investments Group Ltd. bought a new stake in shares of Franklin Covey during the third quarter worth $84,000. Marshall Wace LLP lifted its stake in shares of Franklin Covey by 305.4% during the first quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 5,475 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Franklin Covey during the third quarter valued at $222,000. 48.34% of the stock is owned by institutional investors.

A number of analysts recently commented on the stock. TheStreet cut shares of Franklin Covey from a “b-” rating to a “c” rating in a research report on Tuesday, December 24th. William Blair reissued a “market perform” rating on shares of Franklin Covey in a research note on Tuesday, October 15th. Zacks Investment Research downgraded Franklin Covey from a “hold” rating to a “strong sell” rating in a report on Friday, January 10th. B. Riley reiterated a “buy” rating on shares of Franklin Covey in a report on Monday, November 4th. Finally, Barrington Research reissued a “buy” rating on shares of Franklin Covey in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.38.

In other Franklin Covey news, Director Esther Kay Stepp sold 4,000 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $32.70, for a total transaction of $130,800.00. Following the sale, the director now directly owns 55,429 shares of the company’s stock, valued at approximately $1,812,528.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 33.20% of the stock is currently owned by insiders.

Shares of Franklin Covey stock traded up $0.16 during trading on Monday, reaching $32.39. The stock had a trading volume of 58,860 shares, compared to its average volume of 133,854. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $444.50 million, a price-to-earnings ratio of -1,619.50, a P/E/G ratio of 5.51 and a beta of 0.79. The stock has a fifty day moving average price of $32.96 and a two-hundred day moving average price of $35.66. Franklin Covey Co. has a 52 week low of $24.12 and a 52 week high of $41.85.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Thursday, January 9th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $58.61 million for the quarter, compared to the consensus estimate of $57.42 million. Franklin Covey had a negative return on equity of 0.27% and a negative net margin of 0.09%. On average, equities analysts forecast that Franklin Covey Co. will post 0.36 EPS for the current fiscal year.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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

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