GSA Capital Partners LLP reduced its stake in Franklin Covey Co. (NYSE:FC) by 33.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,292 shares of the company’s stock after selling 8,693 shares during the period. GSA Capital Partners LLP owned approximately 0.12% of Franklin Covey worth $265,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Acrospire Investment Management LLC acquired a new stake in shares of Franklin Covey during the first quarter valued at about $102,000. Acadian Asset Management LLC acquired a new stake in shares of Franklin Covey during the second quarter valued at about $129,000. Strs Ohio increased its stake in shares of Franklin Covey by 3.6% in the second quarter. Strs Ohio now owns 37,600 shares of the company’s stock valued at $576,000 after buying an additional 1,300 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Franklin Covey during the first quarter valued at about $812,000. Finally, Renaissance Technologies LLC increased its stake in shares of Franklin Covey by 11.4% in the first quarter. Renaissance Technologies LLC now owns 62,400 shares of the company’s stock valued at $1,098,000 after buying an additional 6,400 shares in the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.
Franklin Covey Co. (NYSE:FC) traded up 1.05% during midday trading on Thursday, hitting $17.32. The stock had a trading volume of 17,366 shares. The stock has a 50-day moving average of $16.27 and a 200-day moving average of $15.88. Franklin Covey Co. has a 52 week low of $13.45 and a 52 week high of $18.28. The firm has a market cap of $245.53 million, a P/E ratio of 38.75 and a beta of 1.31.
Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Thursday, June 30th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.15. Franklin Covey had a return on equity of 6.72% and a net margin of 3.43%. The company had revenue of $44.70 million for the quarter. During the same period in the previous year, the business posted $0.07 earnings per share. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. Analysts forecast that Franklin Covey Co. will post $0.53 EPS for the current fiscal year.
Several equities research analysts recently issued reports on FC shares. B. Riley reissued a “buy” rating and issued a $20.00 price objective on shares of Franklin Covey in a research note on Monday, July 4th. Zacks Investment Research raised Franklin Covey from a “sell” rating to a “hold” rating in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.00.
In related news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $16.13, for a total transaction of $28,904.96. Following the completion of the sale, the director now directly owns 255,070 shares of the company’s stock, valued at $4,114,279.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 28.70% of the company’s stock.
Franklin Covey Company Profile
Franklin Covey Co (FranklinCovey) is a global company engaged in performance improvement. The Company operates in seven areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Education. The Company operates globally with one common brand and business model designed to enable the Company to provide clients around the world.
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