Franklin Covey Company (NYSE:FC) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its stake in Franklin Covey Company (NYSE:FC) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 523,795 shares of the business services provider’s stock after selling 10,129 shares during the period. Rice Hall James & Associates LLC owned approximately 4.03% of Franklin Covey worth $14,467,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc raised its holdings in Franklin Covey by 152.2% in the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider’s stock valued at $27,000 after buying an additional 589 shares during the period. GAMMA Investing LLC raised its holdings in Franklin Covey by 6,758.6% in the first quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider’s stock valued at $55,000 after buying an additional 1,960 shares during the period. Aquatic Capital Management LLC purchased a new position in Franklin Covey in the fourth quarter valued at approximately $56,000. Tower Research Capital LLC TRC raised its holdings in Franklin Covey by 509.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider’s stock valued at $81,000 after buying an additional 1,802 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Franklin Covey by 20,310.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,082 shares of the business services provider’s stock valued at $153,000 after buying an additional 4,062 shares during the period. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Trading Down 4.8%

FC opened at $19.85 on Monday. The firm has a market capitalization of $250.90 million, a P/E ratio of 25.13, a P/E/G ratio of 1.60 and a beta of 0.86. The firm’s 50 day moving average is $22.56 and its 200-day moving average is $27.37. Franklin Covey Company has a 52-week low of $18.94 and a 52-week high of $44.46. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.26. The business had revenue of $67.12 million during the quarter, compared to analyst estimates of $67.49 million. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Analysts expect that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on FC shares. Barrington Research reiterated an “outperform” rating and set a $35.00 price objective on shares of Franklin Covey in a research note on Thursday, July 3rd. Roth Capital dropped their price objective on shares of Franklin Covey from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, July 7th. Finally, 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.