Illumine Investment Management LLC Raises Stock Holdings in Franklin Covey Company (NYSE:FC)

Illumine Investment Management LLC raised its stake in shares of Franklin Covey Company (NYSE:FC - Free Report) by 118.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,248 shares of the business services provider's stock after purchasing an additional 12,077 shares during the period. Illumine Investment Management LLC owned 0.17% of Franklin Covey worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Franklin Covey by 152.2% in the 1st 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 during the period. New York State Teachers Retirement System purchased a new position in Franklin Covey during the fourth quarter worth $38,000. Aquatic Capital Management LLC bought a new position in Franklin Covey during the fourth quarter valued at $56,000. Wiser Advisor Group LLC raised its stake in shares of 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 valued at $68,000 after acquiring an additional 907 shares during the period. Finally, 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 worth $55,000 after acquiring an additional 1,960 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company's stock.

Analyst Ratings Changes

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

Franklin Covey Trading Up 1.7%

Shares of NYSE FC traded up $0.39 during trading hours on Tuesday, reaching $22.96. The stock had a trading volume of 47,384 shares, compared to its average volume of 93,516. The business's fifty day moving average price is $22.12 and its two-hundred day moving average price is $28.76. The firm has a market cap of $298.19 million, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.37 and a beta of 0.87. Franklin Covey Company has a 52-week low of $18.94 and a 52-week high of $44.46. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. The firm had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. Franklin Covey had a return on equity of 22.58% and a net margin of 6.21%. Analysts expect that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

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.