Pembroke Management LTD Lowers Holdings in Franklin Covey Co. (NYSE:FC)

Pembroke Management LTD lowered its holdings in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,521 shares of the business services provider's stock after selling 12,656 shares during the quarter. Pembroke Management LTD owned approximately 1.18% of Franklin Covey worth $5,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FC. Vanguard Group Inc. raised its holdings in Franklin Covey by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider's stock worth $27,623,000 after purchasing an additional 24,062 shares during the period. Bares Capital Management Inc. raised its stake in shares of Franklin Covey by 0.8% in the first quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider's stock worth $18,125,000 after buying an additional 3,570 shares during the period. Acadian Asset Management LLC lifted its position in shares of Franklin Covey by 12.2% during the 1st quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider's stock valued at $9,357,000 after buying an additional 25,876 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of Franklin Covey during the 1st quarter valued at approximately $6,862,000. Finally, Silvercrest Asset Management Group LLC increased its holdings in Franklin Covey by 4.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 140,838 shares of the business services provider's stock worth $5,529,000 after acquiring an additional 6,207 shares in the last quarter. Hedge funds and other institutional investors own 69.88% of the company's stock.

Franklin Covey Price Performance

FC traded up $0.33 during trading on Monday, reaching $40.26. 30,300 shares of the company traded hands, compared to its average volume of 81,742. The company has a market cap of $527.00 million, a P/E ratio of 30.04, a PEG ratio of 1.21 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. Franklin Covey Co. has a 12-month low of $32.19 and a 12-month high of $44.96. The firm has a fifty day simple moving average of $39.68 and a 200 day simple moving average of $38.66.

Franklin Covey (NYSE:FC - Get Free Report) last posted its earnings results on Wednesday, June 26th. The business services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. Franklin Covey had a net margin of 6.50% and a return on equity of 24.90%. The company had revenue of $73.37 million during the quarter, compared to analysts' expectations of $72.12 million. During the same period last year, the company posted $0.32 earnings per share. On average, equities analysts forecast that Franklin Covey Co. will post 1.66 EPS for the current year.

Analyst Ratings Changes

FC has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Franklin Covey from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, July 24th. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Franklin Covey in a report on Thursday, June 27th. Finally, Roth Mkm reissued a "buy" rating and set a $50.00 price target on shares of Franklin Covey in a report on Thursday, June 27th.

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.