Franklin Covey Company (FC) Shares Bought by Pembroke Management LTD
Pembroke Management LTD raised its stake in Franklin Covey Company (NYSE:FC) by 6.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 963,872 shares of the business services provider’s stock after buying an additional 56,500 shares during the period. Franklin Covey accounts for 1.9% of Pembroke Management LTD’s holdings, making the stock its 19th largest holding. Pembroke Management LTD owned approximately 6.95% of Franklin Covey worth $19,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of FC. Vanguard Group Inc. raised its stake in shares of Franklin Covey by 1.9% during the second quarter. Vanguard Group Inc. now owns 497,768 shares of the business services provider’s stock valued at $9,607,000 after acquiring an additional 9,279 shares during the last quarter. State Street Corp raised its stake in shares of Franklin Covey by 13.6% during the second quarter. State Street Corp now owns 201,339 shares of the business services provider’s stock valued at $3,884,000 after acquiring an additional 24,088 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Franklin Covey by 22.0% during the second quarter. Rice Hall James & Associates LLC now owns 197,696 shares of the business services provider’s stock valued at $3,816,000 after acquiring an additional 35,658 shares during the last quarter. Northern Trust Corp raised its stake in shares of Franklin Covey by 2.7% during the second quarter. Northern Trust Corp now owns 137,853 shares of the business services provider’s stock valued at $2,661,000 after acquiring an additional 3,688 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Franklin Covey by 3.8% during the first quarter. Geode Capital Management LLC now owns 83,646 shares of the business services provider’s stock valued at $1,689,000 after acquiring an additional 3,077 shares during the last quarter. Hedge funds and other institutional investors own 52.05% of the company’s stock.
A number of brokerages recently weighed in on FC. Zacks Investment Research raised shares of Franklin Covey from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. B. Riley reissued a “buy” rating and set a $22.00 target price on shares of Franklin Covey in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Franklin Covey from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.00.
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Franklin Covey Company (FC) traded down $0.15 on Wednesday, reaching $19.55. 29,100 shares of the company’s stock traded hands, compared to its average volume of 46,581. Franklin Covey Company has a 12-month low of $15.20 and a 12-month high of $22.45. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.
Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). Franklin Covey had a negative net margin of 3.87% and a negative return on equity of 5.50%. The company had revenue of $59.50 million during the quarter, compared to the consensus estimate of $64.60 million. During the same period last year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. equities analysts predict that Franklin Covey Company will post -0.25 earnings per share for the current year.
In other news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $20.33, for a total transaction of $36,431.36. Following the completion of the transaction, the director now directly owns 225,280 shares in the company, valued at $4,579,942.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 5,377 shares of company stock valued at $104,045. Insiders own 33.50% of the company’s stock.
Franklin Covey Company Profile
Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.
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