Arrowstreet Capital Limited Partnership Purchases 15,399 Shares of Franklin Covey Co. (NYSE:FC)

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 54.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,849 shares of the business services provider's stock after acquiring an additional 15,399 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.33% of Franklin Covey worth $1,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Franklin Covey by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,692 shares of the business services provider's stock worth $3,483,000 after purchasing an additional 539 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Franklin Covey by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 35,317 shares of the business services provider's stock valued at $1,327,000 after acquiring an additional 824 shares in the last quarter. Wiser Advisor Group LLC increased its stake in shares of Franklin Covey by 100.2% in the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider's stock worth $68,000 after acquiring an additional 907 shares during the last quarter. Janus Henderson Group PLC boosted its position in Franklin Covey by 5.5% during the third quarter. Janus Henderson Group PLC now owns 18,458 shares of the business services provider's stock valued at $759,000 after purchasing an additional 964 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in Franklin Covey during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 69.88% of the company's stock.

Franklin Covey Stock Down 1.2 %

Shares of FC stock traded down $0.24 on Wednesday, hitting $20.56. The company's stock had a trading volume of 1,409 shares, compared to its average volume of 90,562. The stock has a market capitalization of $267.03 million, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.74 and a beta of 0.98. Franklin Covey Co. has a fifty-two week low of $18.94 and a fifty-two week high of $44.46. The firm's fifty day moving average price is $29.16 and its 200-day moving average price is $34.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. The company had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. Research analysts anticipate that Franklin Covey Co. will post 0.97 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FC. Barrington Research reaffirmed an "outperform" rating and set a $35.00 price target on shares of Franklin Covey in a research note on Thursday, April 10th. StockNews.com downgraded Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th.

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.