Acadian Asset Management LLC Increases Stock Holdings in Franklin Covey Company $FC

Key Points

• Acadian Asset Management LLC increased its holdings in Franklin Covey by 45.4%, owning 422,357 shares worth approximately $11.66 million as of the latest SEC filing.
• Several other institutional investors, including Royce & Associates LP and Russell Investments Group Ltd., also significantly increased their stakes in Franklin Covey during the first quarter.
• Wall Street analysts have set a consensus price target of $27.00 for Franklin Covey, with two analysts rating the stock as a Buy despite recent downward revisions of price targets.

Acadian Asset Management LLC increased its holdings in shares of Franklin Covey Company (NYSE:FC - Free Report) by 45.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 422,357 shares of the business services provider's stock after buying an additional 131,872 shares during the quarter. Acadian Asset Management LLC owned 3.25% of Franklin Covey worth $11,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FC. Royce & Associates LP grew its stake in Franklin Covey by 564.6% during the 1st quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock worth $25,843,000 after buying an additional 794,876 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Franklin Covey by 3,724.8% during the 1st quarter. Russell Investments Group Ltd. now owns 156,127 shares of the business services provider's stock worth $4,312,000 after buying an additional 152,045 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Franklin Covey during the 1st quarter worth $2,579,000. Jane Street Group LLC grew its stake in Franklin Covey by 274.3% during the 1st quarter. Jane Street Group LLC now owns 84,874 shares of the business services provider's stock worth $2,344,000 after buying an additional 62,201 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Franklin Covey by 26.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider's stock worth $6,589,000 after buying an additional 50,568 shares during the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FC. Barrington Research dropped their target price on Franklin Covey from $35.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 19th. Roth Capital dropped their price target on Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, July 7th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $27.00.

Franklin Covey Stock Performance

NYSE FC opened at $19.49 on Friday. The stock has a market capitalization of $246.35 million, a price-to-earnings ratio of 24.67, a PEG ratio of 1.16 and a beta of 0.89. Franklin Covey Company has a twelve month low of $18.13 and a twelve month high of $44.16. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $19.68 and a 200 day moving average of $22.65.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.26. The company had revenue of $67.12 million during the quarter, compared to analysts' expectations of $67.49 million. Franklin Covey had a return on equity of 19.08% and a net margin of 3.81%.During the same quarter in the prior year, the firm posted $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Franklin Covey Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.