Royce & Associates LP Trims Stock Holdings in Franklin Covey Company $FC

Royce & Associates LP reduced its stake in Franklin Covey Company (NYSE:FC) by 46.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 448,999 shares of the business services provider’s stock after selling 388,988 shares during the period. Royce & Associates LP owned approximately 3.89% of Franklin Covey worth $7,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FC. Alliancebernstein L.P. raised its holdings in Franklin Covey by 70.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after buying an additional 434,965 shares during the period. Millennium Management LLC raised its holdings in Franklin Covey by 886.1% in the 3rd quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after buying an additional 233,291 shares during the period. Bridgeway Capital Management LLC purchased a new stake in Franklin Covey in the 3rd quarter valued at about $2,275,000. Jacobs Levy Equity Management Inc. raised its holdings in Franklin Covey by 122.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock valued at $3,384,000 after buying an additional 96,054 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Franklin Covey by 54.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 197,021 shares of the business services provider’s stock valued at $4,496,000 after buying an additional 69,168 shares during the period. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FC. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Franklin Covey in a report on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Franklin Covey in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.00.

Franklin Covey Price Performance

NYSE FC opened at $24.03 on Friday. The company has a market cap of $270.83 million, a P/E ratio of -114.43, a P/E/G ratio of 1.50 and a beta of 0.78. The stock has a 50-day moving average of $20.58 and a two-hundred day moving average of $18.00. Franklin Covey Company has a 1-year low of $11.16 and a 1-year high of $24.82.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). The firm had revenue of $59.65 million during the quarter, compared to analyst estimates of $58.71 million. Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. On average, analysts anticipate that Franklin Covey Company will post 0.8 EPS for the current fiscal year.

Franklin Covey Company Profile

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.