Two Sigma Investments LP raised its position in shares of Franklin Covey Co. (NYSE:FC) by 8.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 43,879 shares of the company’s stock after buying an additional 3,354 shares during the period. Two Sigma Investments LP’s holdings in Franklin Covey were worth $884,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its stake in shares of Franklin Covey by 166.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,868 shares of the company’s stock worth $138,000 after buying an additional 4,292 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Franklin Covey by 159.2% in the fourth quarter. GSA Capital Partners LLP now owns 27,308 shares of the company’s stock worth $550,000 after buying an additional 16,774 shares during the period. Oxford Asset Management boosted its stake in shares of Franklin Covey by 14.3% in the fourth quarter. Oxford Asset Management now owns 45,485 shares of the company’s stock worth $917,000 after buying an additional 5,696 shares during the period. Lapides Asset Management LLC boosted its stake in shares of Franklin Covey by 7.7% in the third quarter. Lapides Asset Management LLC now owns 52,000 shares of the company’s stock worth $926,000 after buying an additional 3,700 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Franklin Covey by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 107,900 shares of the company’s stock worth $2,174,000 after buying an additional 19,200 shares during the period. Institutional investors and hedge funds own 57.17% of the company’s stock.
Shares of Franklin Covey Co. (NYSE:FC) opened at 16.05 on Monday. Franklin Covey Co. has a one year low of $13.45 and a one year high of $22.45. The company has a 50 day moving average of $17.40 and a 200-day moving average of $18.35. The stock has a market cap of $221.51 million, a price-to-earnings ratio of 102.23 and a beta of 0.86.
Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, January 5th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.12. Franklin Covey had a net margin of 1.17% and a return on equity of 2.46%. The firm earned $39.80 million during the quarter, compared to analysts’ expectations of $43.48 million. During the same quarter last year, the business earned $0.05 earnings per share. The business’s quarterly revenue was down 11.9% on a year-over-year basis. On average, analysts anticipate that Franklin Covey Co. will post ($0.15) earnings per share for the current year.
A number of brokerages have recently commented on FC. Barrington Research cut shares of Franklin Covey from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 28th. B. Riley reiterated a “buy” rating and issued a $24.50 target price on shares of Franklin Covey in a research report on Monday, January 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Franklin Covey in a research report on Thursday, December 29th. Zacks Investment Research upgraded shares of Franklin Covey from a “strong sell” rating to a “hold” rating in a research report on Monday, March 13th. Finally, TheStreet cut shares of Franklin Covey from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.25.
In related news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $17.63, for a total value of $31,592.96. Following the transaction, the director now directly owns 243,203 shares in the company, valued at approximately $4,287,668.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 6,273 shares of company stock worth $118,881. 33.50% of the stock is currently owned by 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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