Los Angeles Capital Management LLC Sells 4,500 Shares of Franklin Covey Co. (NYSE:FC)

Los Angeles Capital Management LLC lowered its stake in shares of Franklin Covey Co. (NYSE:FC) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,507 shares of the business services provider’s stock after selling 4,500 shares during the quarter. Los Angeles Capital Management LLC owned about 0.31% of Franklin Covey worth $1,666,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hancock Whitney Corp lifted its position in Franklin Covey by 6.2% during the 1st quarter. Hancock Whitney Corp now owns 6,670 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 390 shares during the period. Bailard Inc. grew its holdings in shares of Franklin Covey by 4.4% during the second quarter. Bailard Inc. now owns 11,942 shares of the business services provider’s stock worth $454,000 after buying an additional 500 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Franklin Covey in the 1st quarter valued at $59,000. O Keefe Stevens Advisory Inc. grew its stake in Franklin Covey by 30.6% in the third quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 1,629 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Franklin Covey by 11.5% during the second quarter. American Century Companies Inc. now owns 21,781 shares of the business services provider’s stock worth $828,000 after buying an additional 2,253 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Trading Down 4.6 %

NYSE FC opened at $37.82 on Thursday. Franklin Covey Co. has a 12 month low of $33.75 and a 12 month high of $44.96. The firm has a market capitalization of $495.06 million, a P/E ratio of 21.74, a PEG ratio of 1.45 and a beta of 1.24. The business has a fifty day simple moving average of $40.21 and a 200 day simple moving average of $39.11. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Franklin Covey had a net margin of 8.15% and a return on equity of 33.12%. The company had revenue of $84.12 million for the quarter, compared to analysts’ expectations of $80.38 million. On average, analysts predict that Franklin Covey Co. will post 1.36 EPS for the current fiscal year.

Analyst Ratings Changes

FC has been the topic of several research reports. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th. Barrington Research reissued an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a research note on Thursday, November 7th.

About Franklin Covey

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.