Bank of America Corp DE Has $5.96 Million Stock Position in Franklin Covey Co. (NYSE:FC)

Bank of America Corp DE trimmed its position in Franklin Covey Co. (NYSE:FC - Free Report) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,577 shares of the business services provider's stock after selling 15,735 shares during the period. Bank of America Corp DE owned approximately 1.20% of Franklin Covey worth $5,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of Franklin Covey by 200.0% in the fourth quarter. Jane Street Group LLC now owns 22,673 shares of the business services provider's stock worth $852,000 after acquiring an additional 15,115 shares in the last quarter. Northern Trust Corp increased its stake in Franklin Covey by 10.3% during the 4th quarter. Northern Trust Corp now owns 120,665 shares of the business services provider's stock worth $4,535,000 after purchasing an additional 11,266 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Franklin Covey in the fourth quarter valued at approximately $56,000. Hancock Whitney Corp acquired a new position in shares of Franklin Covey in the fourth quarter valued at approximately $309,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Franklin Covey by 9.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,759 shares of the business services provider's stock valued at $743,000 after buying an additional 1,703 shares during the period. Institutional investors own 69.88% of the company's stock.

Franklin Covey Stock Down 1.5%

FC traded down $0.35 during trading hours on Friday, hitting $23.34. 61,463 shares of the company's stock were exchanged, compared to its average volume of 92,234. The stock has a market cap of $303.14 million, a price-to-earnings ratio of 15.88, a PEG ratio of 1.74 and a beta of 0.83. Franklin Covey Co. has a 1-year low of $18.94 and a 1-year high of $44.46. The stock's 50-day moving average is $22.23 and its two-hundred day moving average is $30.37. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.03. The company had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. Sell-side analysts predict that Franklin Covey Co. will post 0.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FC. Barrington Research reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Franklin Covey in a research report on Thursday, April 10th. Wall Street Zen cut Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th.

About Franklin Covey

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.