Franklin Covey Co. (NYSE:FC) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its stake in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 20.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,992 shares of the business services provider's stock after selling 12,943 shares during the quarter. Two Sigma Investments LP owned approximately 0.37% of Franklin Covey worth $1,841,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FC. New York State Teachers Retirement System purchased a new stake in Franklin Covey during the 4th quarter valued at approximately $38,000. Aquatic Capital Management LLC bought a new stake in Franklin Covey in the fourth quarter worth $56,000. Wiser Advisor Group LLC lifted its position in Franklin Covey by 100.2% in the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider's stock worth $68,000 after buying an additional 907 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Franklin Covey by 509.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock worth $81,000 after purchasing an additional 1,802 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Franklin Covey by 20,310.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,082 shares of the business services provider's stock worth $153,000 after purchasing an additional 4,062 shares during the period. 69.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barrington Research reiterated an "outperform" rating and issued a $35.00 target price on shares of Franklin Covey in a research note on Thursday, April 10th. Wall Street Zen downgraded Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th.

Franklin Covey Price Performance

Shares of Franklin Covey stock traded up $0.04 on Wednesday, reaching $22.71. The company's stock had a trading volume of 46,207 shares, compared to its average volume of 92,248. The company has a market capitalization of $294.96 million, a P/E ratio of 15.45, a PEG ratio of 1.74 and a beta of 0.87. Franklin Covey Co. has a 52-week low of $18.94 and a 52-week high of $44.46. The stock has a 50-day moving average price of $22.01 and a 200-day moving average price of $30.18. 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, beating analysts' consensus estimates of ($0.11) by $0.03. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. The business had revenue of $59.61 million during the quarter, compared to analysts' expectations of $62.24 million. Analysts expect that Franklin Covey Co. will post 0.97 EPS for the current year.

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.