Acuitas Investments LLC Sells 26,954 Shares of Franklin Covey Co. (NYSE:FC)

Acuitas Investments LLC lowered its stake in Franklin Covey Co. (NYSE:FC) by 28.6% in the fourth quarter, Holdings Channel reports. The fund owned 67,422 shares of the business services provider’s stock after selling 26,954 shares during the quarter. Franklin Covey accounts for approximately 1.5% of Acuitas Investments LLC’s investment portfolio, making the stock its 23rd largest holding. Acuitas Investments LLC’s holdings in Franklin Covey were worth $2,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FC. CWM LLC acquired a new position in shares of Franklin Covey in the third quarter valued at approximately $33,000. SG Americas Securities LLC acquired a new position in shares of Franklin Covey in the third quarter valued at approximately $105,000. Barclays PLC increased its stake in shares of Franklin Covey by 19.7% in the third quarter. Barclays PLC now owns 5,921 shares of the business services provider’s stock valued at $254,000 after buying an additional 975 shares during the period. Legato Capital Management LLC increased its stake in shares of Franklin Covey by 8.8% in the fourth quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock valued at $263,000 after buying an additional 489 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in shares of Franklin Covey in the fourth quarter valued at approximately $330,000. Institutional investors own 69.88% of the company’s stock.

Analyst Ratings Changes

FC has been the subject of several recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research note on Monday, April 8th. Northland Securities decreased their target price on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Finally, StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $66.33.

Franklin Covey Trading Down 1.8 %

NYSE:FC traded down $0.72 on Wednesday, reaching $39.58. 101,459 shares of the stock traded hands, compared to its average volume of 96,211. The firm has a market capitalization of $525.23 million, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The company’s 50 day moving average is $38.96 and its 200-day moving average is $39.59. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. Franklin Covey Co. has a 1-year low of $32.19 and a 1-year high of $48.76.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, March 27th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $61.34 million during the quarter, compared to the consensus estimate of $62.03 million. Franklin Covey had a net margin of 6.13% and a return on equity of 23.23%. Equities research analysts anticipate that Franklin Covey Co. will post 1.72 EPS for the current fiscal year.

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.