Russell Investments Group Ltd. Acquires 152,045 Shares of Franklin Covey Company $FC

Key Points

• Russell Investments Group Ltd. significantly increased its investment in Franklin Covey by 3,724.8%, now holding 156,127 shares valued at approximately $4.31 million.
• Several hedge funds, including GAMMA Investing LLC and XTX Topco Ltd., also dramatically raised their stakes in Franklin Covey during the same quarter, with GAMMA growing its position by 6,758.6%.
• Despite a recent earnings report showing a net margin of 3.81%, analysts have lowered their price targets for Franklin Covey stock to an average of $27.00, down from previous estimates.

Russell Investments Group Ltd. raised its holdings in shares of Franklin Covey Company (NYSE:FC - Free Report) by 3,724.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,127 shares of the business services provider's stock after purchasing an additional 152,045 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.20% of Franklin Covey worth $4,312,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FC. Versant Capital Management Inc lifted its holdings in Franklin Covey by 152.2% during the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock valued at $27,000 after purchasing an additional 589 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Franklin Covey by 6,758.6% during the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock valued at $55,000 after purchasing an additional 1,960 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Franklin Covey during the 4th quarter worth $56,000. US Bancorp DE bought a new position in Franklin Covey during the 1st quarter worth $63,000. Finally, Tower Research Capital LLC TRC increased its position 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 worth $81,000 after buying an additional 1,802 shares during the period. Institutional investors and hedge funds own 69.88% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on FC. Barrington Research lowered their price objective on Franklin Covey from $35.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 19th. Roth Capital lowered their price objective 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. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Franklin Covey currently has a consensus rating of "Buy" and a consensus price target of $27.00.

Franklin Covey Price Performance

FC stock traded up $0.05 during midday trading on Thursday, reaching $19.73. The company had a trading volume of 92,706 shares, compared to its average volume of 115,330. The company has a market capitalization of $249.39 million, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91. The stock has a 50 day moving average price of $20.44 and a 200-day moving average price of $23.73. Franklin Covey Company has a 1-year low of $18.32 and a 1-year high of $44.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.81.

Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.26. The business had revenue of $67.12 million during the quarter, compared to the consensus estimate of $67.49 million. Franklin Covey had a return on equity of 19.08% and a net margin of 3.81%.During the same quarter in the previous year, the firm earned $0.46 earnings per share. Franklin Covey has set its FY 2025 guidance at EPS. Equities research analysts expect that Franklin Covey Company will post 0.97 earnings per share for the current year.

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.