Intrepid Capital Management Inc. Reduces Holdings in Franklin Covey Co. (NYSE:FC)

Intrepid Capital Management Inc. lowered its stake in Franklin Covey Co. (NYSE:FC - Free Report) by 88.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,359 shares of the business services provider's stock after selling 48,010 shares during the quarter. Intrepid Capital Management Inc.'s holdings in Franklin Covey were worth $239,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FC. Royce & Associates LP grew its position in shares of Franklin Covey by 885.5% during the 4th quarter. Royce & Associates LP now owns 140,793 shares of the business services provider's stock valued at $5,291,000 after acquiring an additional 126,506 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Franklin Covey during the fourth quarter worth about $2,186,000. Dean Investment Associates LLC purchased a new position in shares of Franklin Covey during the third quarter valued at about $2,259,000. Teacher Retirement System of Texas grew its holdings in shares of Franklin Covey by 383.3% during the 4th quarter. Teacher Retirement System of Texas now owns 28,365 shares of the business services provider's stock worth $1,066,000 after acquiring an additional 22,496 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Franklin Covey by 178.9% during the 3rd quarter. Barclays PLC now owns 33,499 shares of the business services provider's stock valued at $1,379,000 after buying an additional 21,489 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Stock Performance

Shares of NYSE FC traded up $0.16 during trading hours on Friday, reaching $20.67. The stock had a trading volume of 427,258 shares, compared to its average volume of 87,801. The firm has a market cap of $272.71 million, a price-to-earnings ratio of 14.06, a PEG ratio of 1.74 and a beta of 0.98. Franklin Covey Co. has a fifty-two week low of $19.54 and a fifty-two week high of $44.46. The firm has a 50-day moving average of $32.18 and a 200-day moving average of $35.86. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $59.61 million for the quarter, compared to analysts' expectations of $62.24 million. Equities research analysts predict that Franklin Covey Co. will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FC. Barrington Research decreased their price objective on Franklin Covey from $45.00 to $35.00 and set an "outperform" rating on the stock in a report on Thursday. StockNews.com upgraded Franklin Covey from a "buy" rating to a "strong-buy" rating in a research note on Thursday.

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.