UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,474 Shares of Franklin Covey Co. (NYSE:FC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Franklin Covey Co. (NYSE:FC) by 10.8% in the third quarter, Holdings Channel reports. The firm owned 20,422 shares of the business services provider’s stock after selling 2,474 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Franklin Covey were worth $840,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Franklin Covey during the second quarter valued at $17,022,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Franklin Covey by 137.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after acquiring an additional 140,537 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Franklin Covey by 9.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after acquiring an additional 45,312 shares during the last quarter. Millennium Management LLC grew its stake in shares of Franklin Covey by 13.5% in the second quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock worth $5,708,000 after acquiring an additional 17,909 shares during the period. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Franklin Covey during the second quarter valued at approximately $490,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Analyst Upgrades and Downgrades

FC has been the topic of several research reports. StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Barrington Research reiterated an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Stock Performance

FC opened at $36.79 on Friday. The company’s 50 day moving average is $38.26 and its 200 day moving average is $38.79. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The company has a market cap of $485.04 million, a price-to-earnings ratio of 21.14, a PEG ratio of 1.36 and a beta of 1.20. Franklin Covey Co. has a 12-month low of $33.75 and a 12-month high of $44.96.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. The business had revenue of $84.12 million for the quarter, compared to analysts’ expectations of $80.38 million. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. On average, equities research analysts predict that Franklin Covey Co. will post 1.36 EPS for the current year.

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.