Franklin Covey Company $FC Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its stake in shares of Franklin Covey Company (NYSE:FC) by 71.3% in the third quarter, Holdings Channel reports. The firm owned 72,628 shares of the business services provider’s stock after selling 180,302 shares during the period. Harbor Capital Advisors Inc.’s holdings in Franklin Covey were worth $1,410,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FC. State of Wyoming raised its holdings in shares of Franklin Covey by 12.7% during the first quarter. State of Wyoming now owns 6,443 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 726 shares during the last quarter. Aviva PLC boosted its stake in Franklin Covey by 3.9% during the 2nd quarter. Aviva PLC now owns 20,623 shares of the business services provider’s stock worth $471,000 after purchasing an additional 775 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Franklin Covey by 2.4% during the second quarter. First Trust Advisors LP now owns 35,639 shares of the business services provider’s stock worth $813,000 after buying an additional 843 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Franklin Covey by 6.7% during the first quarter. Rhumbline Advisers now owns 16,427 shares of the business services provider’s stock worth $454,000 after buying an additional 1,033 shares in the last quarter. Finally, Hancock Whitney Corp raised its position in shares of Franklin Covey by 13.1% in the first quarter. Hancock Whitney Corp now owns 9,301 shares of the business services provider’s stock valued at $257,000 after buying an additional 1,078 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 31st. Barrington Research restated an “outperform” rating and set a $22.00 price objective on shares of Franklin Covey in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.50.

Insider Buying and Selling

In other news, insider Michael Sean Merrill Covey sold 7,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $14.68, for a total value of $102,760.00. Following the completion of the transaction, the insider owned 218,636 shares in the company, valued at $3,209,576.48. This trade represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 15.20% of the company’s stock.

Franklin Covey Price Performance

FC stock opened at $17.06 on Friday. The business’s 50-day moving average is $16.34 and its two-hundred day moving average is $18.77. The firm has a market capitalization of $204.54 million, a P/E ratio of 71.08, a P/E/G ratio of 1.07 and a beta of 0.67. Franklin Covey Company has a 1 year low of $14.03 and a 1 year high of $39.22.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, November 5th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.09). The business had revenue of $71.25 million for the quarter, compared to analyst estimates of $71.11 million. Franklin Covey had a return on equity of 9.54% and a net margin of 1.15%. On average, analysts expect that Franklin Covey Company will post 0.97 EPS for the current year.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.