Alliancebernstein L.P. Sells 69,644 Shares of Franklin Covey Co. (NYSE:FC)

Alliancebernstein L.P. lessened its holdings in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 614,501 shares of the business services provider's stock after selling 69,644 shares during the period. Alliancebernstein L.P. owned 4.66% of Franklin Covey worth $23,093,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FC. BNP Paribas Financial Markets raised its holdings in Franklin Covey by 146.2% in the third quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider's stock worth $527,000 after purchasing an additional 7,606 shares during the period. Janus Henderson Group PLC increased its position in shares of Franklin Covey by 5.5% during the third quarter. Janus Henderson Group PLC now owns 18,458 shares of the business services provider's stock worth $759,000 after acquiring an additional 964 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Franklin Covey by 26.2% during the third quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider's stock worth $339,000 after acquiring an additional 1,711 shares in the last quarter. State Street Corp raised its holdings in shares of Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider's stock worth $10,502,000 after acquiring an additional 5,955 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in Franklin Covey by 9.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 17,809 shares of the business services provider's stock worth $732,000 after purchasing an additional 1,541 shares in the last quarter. Institutional investors own 69.88% of the company's stock.

Franklin Covey Stock Performance

NYSE:FC traded up $0.50 during mid-day trading on Friday, hitting $20.14. 196,192 shares of the stock were exchanged, compared to its average volume of 90,281. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. The firm's 50-day simple moving average is $29.85 and its 200 day simple moving average is $34.88. Franklin Covey Co. has a fifty-two week low of $18.94 and a fifty-two week high of $44.46. The stock has a market capitalization of $265.78 million, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. The business had revenue of $59.61 million for the quarter, compared to the consensus estimate of $62.24 million. As a group, equities analysts anticipate that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FC shares. Barrington Research reaffirmed an "outperform" rating and set a $35.00 price objective on shares of Franklin Covey in a research report on Thursday. StockNews.com downgraded Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday.

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.