Dimensional Fund Advisors LP lowered its stake in Franklin Covey Company (NYSE:FC) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,194,704 shares of the business services provider’s stock after selling 30,264 shares during the period. Dimensional Fund Advisors LP owned about 8.64% of Franklin Covey worth $24,130,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. American International Group Inc. raised its position in Franklin Covey by 7.3% in the first quarter. American International Group Inc. now owns 6,300 shares of the business services provider’s stock valued at $127,000 after buying an additional 427 shares during the period. Woodmont Investment Counsel LLC acquired a new position in Franklin Covey during the first quarter valued at $141,000. Metropolitan Life Insurance Co. NY acquired a new position in Franklin Covey during the fourth quarter valued at $163,000. Wells Fargo & Company MN raised its position in Franklin Covey by 24.5% in the first quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock valued at $174,000 after buying an additional 1,693 shares during the period. Finally, California Public Employees Retirement System acquired a new position in Franklin Covey during the first quarter valued at $210,000. 53.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Franklin Covey Company (FC) opened at 17.75 on Friday. The company’s market capitalization is $246.00 million. Franklin Covey Company has a 12 month low of $15.20 and a 12 month high of $22.45. The company has a 50-day moving average price of $18.42 and a 200-day moving average price of $19.08.
Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Friday, June 30th. The business services provider reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.13. Franklin Covey had a negative return on equity of 2.02% and a negative net margin of 2.15%. The company had revenue of $43.80 million during the quarter, compared to analysts’ expectations of $44.25 million. During the same quarter last year, the business earned ($0.07) earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Franklin Covey Company will post ($0.46) EPS for the current year.
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Several research analysts have recently weighed in on FC shares. BidaskClub lowered Franklin Covey from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Franklin Covey from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. ValuEngine raised Franklin Covey from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $22.00 target price on shares of Franklin Covey in a research report on Sunday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.00.
In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $19.45, for a total value of $34,854.40. Following the completion of the sale, the director now directly owns 230,657 shares in the company, valued at $4,486,278.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 5,377 shares of company stock valued at $104,008 over the last 90 days. 33.50% of the stock is currently owned by company insiders.
About Franklin Covey
Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.
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