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

Mackenzie Financial Corp grew its holdings in Franklin Covey Company (NYSE:FC - Free Report) by 195.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,698 shares of the business services provider's stock after acquiring an additional 16,335 shares during the period. Mackenzie Financial Corp owned 0.19% of Franklin Covey worth $682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Franklin Covey by 152.2% during the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock worth $27,000 after purchasing an additional 589 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Franklin Covey by 6,758.6% in the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock valued at $55,000 after acquiring an additional 1,960 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Franklin Covey in the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC boosted its stake in Franklin Covey by 509.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock worth $81,000 after buying an additional 1,802 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Franklin Covey by 20,310.0% in the 4th 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. Hedge funds and other institutional investors own 69.88% of the company's stock.

Franklin Covey Stock Performance

FC stock traded down $0.18 during midday trading on Friday, reaching $18.87. The stock had a trading volume of 79,181 shares, compared to its average volume of 132,770. The firm has a fifty day simple moving average of $21.36 and a two-hundred day simple moving average of $25.40. Franklin Covey Company has a 52-week low of $18.40 and a 52-week high of $44.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84. The stock has a market cap of $238.53 million, a PE ratio of 23.89, a P/E/G ratio of 1.57 and a beta of 0.91.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $67.12 million for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.46 earnings per share. As a group, equities research analysts anticipate that Franklin Covey Company will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Barrington Research reiterated an "outperform" rating and issued a $35.00 target price on shares of Franklin Covey in a research note on Thursday, July 3rd. Finally, Roth Capital reduced their price target on Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, July 7th.

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.