Franklin Covey Company (NYSE:FC) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in shares of Franklin Covey Company (NYSE:FC - Free Report) by 195.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,698 shares of the business services provider's stock after acquiring an additional 16,335 shares during the quarter. Mackenzie Financial Corp owned approximately 0.19% of Franklin Covey worth $682,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Royce & Associates LP boosted its stake in shares of Franklin Covey by 564.6% during the first quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock valued at $25,843,000 after purchasing an additional 794,876 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of Franklin Covey by 18.3% during the first quarter. KLP Kapitalforvaltning AS now owns 9,700 shares of the business services provider's stock valued at $268,000 after purchasing an additional 1,500 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Franklin Covey during the first quarter valued at approximately $368,000. Illumine Investment Management LLC boosted its stake in shares of Franklin Covey by 118.7% during the first quarter. Illumine Investment Management LLC now owns 22,248 shares of the business services provider's stock valued at $614,000 after purchasing an additional 12,077 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Franklin Covey by 135.7% during the first quarter. SG Americas Securities LLC now owns 14,274 shares of the business services provider's stock valued at $394,000 after purchasing an additional 8,219 shares in the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Stock Performance

Shares of NYSE FC traded down $0.18 during midday trading on Friday, reaching $18.87. The company had a trading volume of 79,181 shares, compared to its average volume of 134,804. The business's 50-day simple moving average is $21.36 and its 200 day simple moving average is $25.34. The stock has a market cap of $238.53 million, a P/E ratio of 23.89, a P/E/G ratio of 1.52 and a beta of 0.91. Franklin Covey Company has a 1 year low of $18.40 and a 1 year 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.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FC shares. Barrington Research reiterated an "outperform" rating and set a $35.00 price objective on shares of Franklin Covey in a research note on Thursday, July 3rd. Roth Capital lowered their target price on shares of Franklin Covey from $30.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, July 7th.

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.