Cornercap Investment Counsel Inc. Makes New Investment in Franklin Covey Co. (NYSE:FC)

Cornercap Investment Counsel Inc. purchased a new position in shares of Franklin Covey Co. (NYSE:FC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,907 shares of the business services provider's stock, valued at approximately $490,000. Cornercap Investment Counsel Inc. owned approximately 0.10% of Franklin Covey at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Franklin Covey in the first quarter worth $59,000. Mather Group LLC. acquired a new position in Franklin Covey in the first quarter worth $73,000. O Keefe Stevens Advisory Inc. acquired a new position in shares of Franklin Covey during the second quarter valued at $202,000. Lazard Asset Management LLC boosted its holdings in shares of Franklin Covey by 92.7% during the first 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 acquired a new position in shares of Franklin Covey during the first quarter valued at $241,000. Institutional investors and hedge funds own 69.88% of the company's stock.

Analyst Ratings Changes

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

Franklin Covey Trading Up 2.0 %

FC stock traded up $0.78 during mid-day trading on Friday, reaching $39.28. 49,530 shares of the stock traded hands, compared to its average volume of 80,507. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. 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 $514.33 million, a P/E ratio of 29.31, a P/E/G ratio of 0.91 and a beta of 1.24. The stock's fifty day moving average is $40.03 and its 200-day moving average is $38.68.

Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $72.12 million. During the same period in the prior year, the firm earned $0.32 earnings per share. As a group, sell-side analysts expect that Franklin Covey Co. will post 1.66 earnings per share for the current year.

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.