Franklin Covey Co. (NYSE:FC) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its stake in shares of Franklin Covey Co. (NYSE:FC) by 51.5% during the third quarter, HoldingsChannel.com reports. The firm owned 6,265 shares of the business services provider’s stock after selling 6,642 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Franklin Covey were worth $258,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in FC. Allspring Global Investments Holdings LLC purchased a new position in shares of Franklin Covey in the first quarter valued at $59,000. O Keefe Stevens Advisory Inc. acquired a new position in shares of Franklin Covey during the second quarter valued at $202,000. Lazard Asset Management LLC grew its position in shares of Franklin Covey by 92.7% during the first quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock worth $220,000 after acquiring an additional 2,699 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Franklin Covey in the second quarter valued at approximately $226,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Franklin Covey during the first quarter worth approximately $241,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th. StockNews.com lowered Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th.

Franklin Covey Price Performance

NYSE FC opened at $35.83 on Tuesday. The stock has a market capitalization of $472.24 million, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. Franklin Covey Co. has a 12-month low of $33.75 and a 12-month high of $44.96. The company has a 50 day moving average price of $40.06 and a two-hundred day moving average price of $39.07. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.

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