Arrowstreet Capital Limited Partnership Sells 134,832 Shares of Franklin Covey Company $FC

Arrowstreet Capital Limited Partnership cut its stake in Franklin Covey Company (NYSE:FC - Free Report) by 91.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,005 shares of the business services provider's stock after selling 134,832 shares during the period. Arrowstreet Capital Limited Partnership owned 0.11% of Franklin Covey worth $190,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in Franklin Covey in the fourth quarter worth $31,000. Wiser Advisor Group LLC purchased a new position in Franklin Covey during the third quarter valued at $35,000. BNP Paribas Financial Markets lifted its position 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 valued at $43,000 after buying an additional 1,112 shares during the period. Amundi bought a new stake in shares of Franklin Covey during the 1st quarter valued at $58,000. Finally, Quarry LP bought a new stake in shares of Franklin Covey during the 3rd quarter valued at $74,000. 69.88% of the stock is owned by institutional investors.

Franklin Covey Price Performance

Shares of NYSE:FC opened at $21.72 on Friday. The business has a fifty day moving average price of $22.51 and a 200-day moving average price of $20.11. The company has a market capitalization of $245.25 million, a PE ratio of 127.78, a PEG ratio of 1.14 and a beta of 0.80. Franklin Covey Company has a 1-year low of $11.16 and a 1-year high of $26.81.

Franklin Covey (NYSE:FC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. The company had revenue of $67.81 million for the quarter, compared to analysts' expectations of $68.33 million. During the same quarter in the previous year, the business posted ($0.11) EPS. On average, sell-side analysts anticipate that Franklin Covey Company will post 0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FC shares. Roth Capital upped their target price on shares of Franklin Covey from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Wall Street Zen raised shares of Franklin Covey from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. National Bank Financial upgraded shares of Franklin Covey to a "hold" rating in a report on Sunday, June 28th. Weiss Ratings raised shares of Franklin Covey from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 8th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $30.00 target price on shares of Franklin Covey in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.50.

Franklin Covey Company 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.

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