Franklin Covey Co. (NYSE:FC) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lessened its stake in Franklin Covey Co. (NYSE:FC - Free Report) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,122 shares of the business services provider's stock after selling 13,333 shares during the period. Acadian Asset Management LLC owned 1.72% of Franklin Covey worth $8,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Franklin Covey in the first quarter valued at about $59,000. Mather Group LLC. purchased a new position in shares of Franklin Covey in the first quarter worth $73,000. O Keefe Stevens Advisory Inc. acquired a new stake in shares of Franklin Covey during the second quarter worth $202,000. Lazard Asset Management LLC increased its position in shares of Franklin Covey by 92.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider's stock valued at $220,000 after acquiring an additional 2,699 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new position in Franklin Covey in the 1st quarter worth $241,000. Hedge funds and other institutional investors own 69.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FC shares. Barrington Research reiterated an "outperform" rating and set a $45.00 price target on shares of Franklin Covey in a research note on Thursday, June 27th. StockNews.com upgraded Franklin Covey from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, July 24th. Finally, Roth Mkm reiterated a "buy" rating and issued a $50.00 price target on shares of Franklin Covey in a report on Thursday, June 27th.

Franklin Covey Stock Performance

Shares of NYSE:FC traded up $0.31 during trading on Wednesday, hitting $38.23. 40,864 shares of the stock traded hands, compared to its average volume of 81,044. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $40.03 and a two-hundred day moving average price of $38.68. Franklin Covey Co. has a 52-week low of $32.19 and a 52-week high of $44.96. The company has a market cap of $500.58 million, a price-to-earnings ratio of 28.19, a P/E/G ratio of 0.92 and a beta of 1.24.

Franklin Covey (NYSE:FC - Get Free Report) last released 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 return on equity of 24.90% and a net margin of 6.50%. The business had revenue of $73.37 million for the quarter, compared to the consensus estimate of $72.12 million. During the same quarter last year, the business posted $0.32 earnings per share. As a group, equities analysts predict that Franklin Covey Co. will post 1.66 EPS for the current year.

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.