Illumine Investment Management LLC Makes New Investment in Franklin Covey Co. (NYSE:FC)

Illumine Investment Management LLC bought a new position in shares of Franklin Covey Co. (NYSE:FC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,171 shares of the business services provider’s stock, valued at approximately $382,000. Illumine Investment Management LLC owned approximately 0.08% of Franklin Covey at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Franklin Covey during the fourth quarter valued at about $38,000. R Squared Ltd purchased a new stake in Franklin Covey during the 4th quarter worth approximately $57,000. Creative Planning acquired a new position in shares of Franklin Covey in the 3rd quarter valued at approximately $301,000. Point72 Asset Management L.P. boosted its stake in shares of Franklin Covey by 26.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider’s stock valued at $339,000 after buying an additional 1,711 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its stake in shares of Franklin Covey by 38.2% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 9,612 shares of the business services provider’s stock worth $361,000 after buying an additional 2,658 shares during the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Covey Trading Down 2.2 %

NYSE:FC opened at $31.80 on Friday. The firm has a market capitalization of $419.63 million, a P/E ratio of 21.63, a P/E/G ratio of 1.74 and a beta of 1.20. The business has a 50 day simple moving average of $35.34 and a 200 day simple moving average of $37.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. Franklin Covey Co. has a 12-month low of $28.99 and a 12-month high of $44.46.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. Equities research analysts predict that Franklin Covey Co. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FC shares. Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a report on Thursday, November 7th. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th.

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.