Nine Ten Capital Management LLC Lowers Stake in Franklin Covey Co. (NYSE:FC)

Nine Ten Capital Management LLC reduced its position in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 418,166 shares of the business services provider's stock after selling 40,000 shares during the quarter. Franklin Covey accounts for approximately 4.5% of Nine Ten Capital Management LLC's holdings, making the stock its 8th biggest position. Nine Ten Capital Management LLC owned about 3.17% of Franklin Covey worth $15,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. XTX Topco Ltd raised its position in shares of Franklin Covey by 22.8% during the 4th quarter. XTX Topco Ltd now owns 6,551 shares of the business services provider's stock valued at $246,000 after purchasing an additional 1,215 shares during the period. Barclays PLC increased its stake in Franklin Covey by 4.2% in the 4th quarter. Barclays PLC now owns 34,892 shares of the business services provider's stock worth $1,311,000 after buying an additional 1,393 shares in the last quarter. Martingale Asset Management L P raised its holdings in Franklin Covey by 61.6% during the fourth quarter. Martingale Asset Management L P now owns 9,492 shares of the business services provider's stock valued at $357,000 after acquiring an additional 3,620 shares during the period. Renaissance Technologies LLC lifted its position in shares of Franklin Covey by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider's stock valued at $5,521,000 after acquiring an additional 9,900 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Franklin Covey by 20,310.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,082 shares of the business services provider's stock worth $153,000 after acquiring an additional 4,062 shares during the period. Hedge funds and other institutional investors own 69.88% of the company's stock.

Franklin Covey Price Performance

Shares of Franklin Covey stock opened at $20.38 on Friday. The stock has a 50 day moving average of $28.08 and a 200 day moving average of $34.21. Franklin Covey Co. has a 12 month low of $18.94 and a 12 month high of $44.46. The firm has a market cap of $264.64 million, a PE ratio of 13.86, a PEG ratio of 1.74 and a beta of 0.98. 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 released its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, beating analysts' consensus estimates 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. On average, research analysts expect that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.