Lazard Asset Management LLC Boosts Stock Holdings in Franklin Covey Co. (NYSE:FC)

Lazard Asset Management LLC increased its stake in Franklin Covey Co. (NYSE:FC - Free Report) by 156.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,459 shares of the business services provider's stock after purchasing an additional 36,867 shares during the quarter. Lazard Asset Management LLC owned approximately 0.46% of Franklin Covey worth $2,272,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. New York State Teachers Retirement System bought a new stake in Franklin Covey during the 4th quarter valued at $38,000. Aquatic Capital Management LLC bought a new stake in Franklin Covey during the 4th quarter valued at $56,000. R Squared Ltd bought a new stake in Franklin Covey during the 4th quarter valued at $57,000. Wiser Advisor Group LLC raised its holdings in Franklin Covey by 100.2% during the 4th 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, Tower Research Capital LLC TRC raised its holdings in Franklin Covey by 509.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock valued at $81,000 after acquiring an additional 1,802 shares during the period. Institutional investors own 69.88% of the company's stock.

Franklin Covey Price Performance

Shares of Franklin Covey stock traded down $0.34 during trading on Friday, hitting $22.89. The stock had a trading volume of 78,521 shares, compared to its average volume of 92,191. The firm has a market cap of $297.31 million, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.74 and a beta of 0.83. Franklin Covey Co. has a 12 month low of $18.94 and a 12 month high of $44.46. The business's 50-day moving average is $22.76 and its 200 day moving average is $30.99. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $59.61 million for the quarter, compared to analysts' expectations of $62.24 million. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. As a group, sell-side analysts anticipate that Franklin Covey Co. will post 0.97 earnings per share for the current year.

Analysts Set New Price Targets

FC has been the topic of a number of analyst reports. Wall Street Zen cut shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. Barrington Research reaffirmed an "outperform" rating and issued a $35.00 price target on shares of Franklin Covey in a report on Thursday, April 10th.

Franklin Covey Company 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.