Franklin Covey Co. (NYSE:FC) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its stake in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 53.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,965 shares of the business services provider's stock after selling 72,091 shares during the period. Millennium Management LLC owned approximately 0.47% of Franklin Covey worth $2,329,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Royce & Associates LP boosted its stake in Franklin Covey by 885.5% during the fourth quarter. Royce & Associates LP now owns 140,793 shares of the business services provider's stock worth $5,291,000 after acquiring an additional 126,506 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Franklin Covey during the fourth quarter valued at approximately $2,186,000. Lazard Asset Management LLC increased its stake in shares of Franklin Covey by 156.3% in the fourth quarter. Lazard Asset Management LLC now owns 60,459 shares of the business services provider's stock worth $2,272,000 after purchasing an additional 36,867 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Franklin Covey by 383.3% in the fourth quarter. Teacher Retirement System of Texas now owns 28,365 shares of the business services provider's stock worth $1,066,000 after purchasing an additional 22,496 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Franklin Covey by 180.3% during the fourth quarter. JPMorgan Chase & Co. now owns 32,206 shares of the business services provider's stock worth $1,210,000 after acquiring an additional 20,716 shares during the last quarter. Institutional investors own 69.88% of the company's stock.

Wall Street Analyst Weigh In

FC has been the subject of several research reports. Barrington Research reiterated an "outperform" rating and set a $35.00 price objective on shares of Franklin Covey in a research report on Thursday, April 10th. Wall Street Zen downgraded shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th.

Franklin Covey Stock Down 1.5%

Shares of NYSE:FC traded down $0.34 during trading on Thursday, reaching $22.40. The stock had a trading volume of 51,288 shares, compared to its average volume of 92,478. The firm's 50-day simple moving average is $21.80 and its 200 day simple moving average is $30.04. The company has a market capitalization of $290.98 million, a P/E ratio of 15.24, a PEG ratio of 1.74 and a beta of 0.87. 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 Co. has a one year low of $18.94 and a one year high of $44.46.

Franklin Covey (NYSE:FC - Get Free Report) last released its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.03. The company had revenue of $59.61 million during 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, research analysts expect that Franklin Covey Co. will post 0.97 EPS for the current fiscal 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.