Rice Hall James & Associates LLC Cuts Stake in Franklin Covey Co. (NYSE:FC)

Rice Hall James & Associates LLC reduced its stake in Franklin Covey Co. (NYSE:FC) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 533,924 shares of the business services provider’s stock after selling 15,221 shares during the period. Franklin Covey makes up 1.1% of Rice Hall James & Associates LLC’s portfolio, making the stock its 25th biggest position. Rice Hall James & Associates LLC owned approximately 4.04% of Franklin Covey worth $20,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FC. SG Americas Securities LLC bought a new position in Franklin Covey in the third quarter valued at about $290,000. Creative Planning purchased a new stake in shares of Franklin Covey during the third quarter worth about $301,000. Modera Wealth Management LLC purchased a new position in Franklin Covey during the 3rd quarter valued at approximately $352,000. Harbor Capital Advisors Inc. grew its holdings in Franklin Covey by 137.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after buying an additional 140,537 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Franklin Covey during the 3rd quarter valued at approximately $515,000. 69.88% of the stock is owned by institutional investors.

Franklin Covey Price Performance

Shares of FC stock opened at $34.80 on Tuesday. Franklin Covey Co. has a 52-week low of $28.99 and a 52-week high of $44.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. The firm has a market capitalization of $459.29 million, a P/E ratio of 23.67, a P/E/G ratio of 1.95 and a beta of 1.20. The stock has a 50 day moving average price of $35.93 and a 200 day moving average price of $38.07.

Franklin Covey (NYSE:FC) last issued its quarterly 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 return on equity of 25.23% and a net margin of 6.85%. As a group, sell-side analysts predict that Franklin Covey Co. will post 0.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FC has been the subject of several research analyst reports. Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a report on Thursday, November 7th. StockNews.com lowered Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th.

Franklin Covey Profile

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.