Punch & Associates Investment Management Inc. Lowers Stock Position in Franklin Covey Company $FC

Punch & Associates Investment Management Inc. lessened its stake in shares of Franklin Covey Company (NYSE:FC) by 47.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 312,870 shares of the business services provider’s stock after selling 278,448 shares during the period. Punch & Associates Investment Management Inc. owned about 2.71% of Franklin Covey worth $5,250,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new stake in Franklin Covey during the third quarter worth about $35,000. State of Alaska Department of Revenue purchased a new stake in Franklin Covey during the fourth quarter worth about $31,000. Amundi purchased a new stake in Franklin Covey during the first quarter worth about $58,000. BNP Paribas Financial Markets increased its holdings in Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after buying an additional 1,112 shares during the last quarter. Finally, Quarry LP purchased a new stake in Franklin Covey during the third quarter worth about $74,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Franklin Covey Stock Down 3.0%

Shares of NYSE:FC opened at $22.99 on Wednesday. The firm has a market capitalization of $259.05 million, a PE ratio of -109.46, a P/E/G ratio of 1.49 and a beta of 0.81. Franklin Covey Company has a twelve month low of $11.16 and a twelve month high of $25.50. The company has a 50-day moving average price of $22.74 and a two-hundred day moving average price of $18.82.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $59.65 million for the quarter, compared to the consensus estimate of $58.71 million. Franklin Covey had a positive return on equity of 12.79% and a negative net margin of 0.88%. Analysts anticipate that Franklin Covey Company will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FC shares. Weiss Ratings restated a “sell (d)” rating on shares of Franklin Covey in a report on Friday, April 10th. Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Franklin Covey in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Franklin Covey currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Franklin Covey Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.