Pembroke Management LTD grew its stake in shares of Franklin Covey Co. (NYSE:FC) by 4.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 881,276 shares of the business services provider’s stock after purchasing an additional 35,773 shares during the quarter. Franklin Covey makes up 3.2% of Pembroke Management LTD’s investment portfolio, making the stock its 4th largest position. Pembroke Management LTD owned about 0.06% of Franklin Covey worth $29,963,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in shares of Franklin Covey by 51,025.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,045 shares of the business services provider’s stock worth $52,000 after purchasing an additional 2,041 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of Franklin Covey during the fourth quarter worth approximately $79,000. MetLife Investment Advisors LLC bought a new position in shares of Franklin Covey during the fourth quarter worth approximately $107,000. Marshall Wace LLP increased its holdings in shares of Franklin Covey by 305.4% during the first quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock worth $184,000 after purchasing an additional 5,475 shares during the period. Finally, Spark Investment Management LLC increased its holdings in shares of Franklin Covey by 92.2% during the first quarter. Spark Investment Management LLC now owns 37,099 shares of the business services provider’s stock worth $938,000 after purchasing an additional 17,799 shares during the period. Hedge funds and other institutional investors own 45.60% of the company’s stock.
FC has been the topic of several recent research reports. B. Riley raised their target price on shares of Franklin Covey from $35.00 to $42.50 and gave the stock a “buy” rating in a report on Friday, June 28th. Barrington Research raised their target price on shares of Franklin Covey from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 28th. ValuEngine raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Roth Capital raised their target price on shares of Franklin Covey from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $37.88.
NYSE:FC traded down $0.48 during mid-day trading on Friday, reaching $36.41. The stock had a trading volume of 20,928 shares, compared to its average volume of 40,426. The business has a 50-day simple moving average of $34.12. The stock has a market capitalization of $510.06 million, a PE ratio of -70.02 and a beta of 0.84. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.31. Franklin Covey Co. has a 12 month low of $20.52 and a 12 month high of $38.40.
Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Thursday, June 27th. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $56.01 million for the quarter, compared to analysts’ expectations of $52.95 million. Franklin Covey had a negative net margin of 2.28% and a negative return on equity of 6.68%. Sell-side analysts expect that Franklin Covey Co. will post -0.12 earnings per share for the current fiscal year.
In related news, Director Esther Kay Stepp sold 4,262 shares of Franklin Covey stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $31.41, for a total value of $133,869.42. Following the transaction, the director now directly owns 57,369 shares of the company’s stock, valued at $1,801,960.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 33.60% of the company’s stock.
Franklin Covey Profile
Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.
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