XTX Topco Ltd Buys 30,920 Shares of Franklin Covey Company (NYSE:FC)

Key Points

• XTX Topco Ltd significantly increased its holdings in Franklin Covey by 472% during the first quarter, owning 37,471 shares valued at approximately $1,035,000.
• Franklin Covey reported earnings of $0.18 per share for the latest quarter, surpassing analysts' expectations of a loss of ($0.08).
• Several hedge funds and institutional investors have shown increased interest in Franklin Covey, collectively owning 69.88% of the company's stock.

XTX Topco Ltd lifted its position in shares of Franklin Covey Company (NYSE:FC - Free Report) by 472.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,471 shares of the business services provider's stock after purchasing an additional 30,920 shares during the quarter. XTX Topco Ltd owned 0.29% of Franklin Covey worth $1,035,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in Franklin Covey by 195.3% during the 1st quarter. Mackenzie Financial Corp now owns 24,698 shares of the business services provider's stock valued at $682,000 after acquiring an additional 16,335 shares in the last quarter. Royce & Associates LP lifted its stake in Franklin Covey by 564.6% during the 1st quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock valued at $25,843,000 after acquiring an additional 794,876 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in Franklin Covey by 18.3% in the 1st quarter. KLP Kapitalforvaltning AS now owns 9,700 shares of the business services provider's stock worth $268,000 after purchasing an additional 1,500 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Franklin Covey in the 1st quarter valued at about $368,000. Finally, Illumine Investment Management LLC increased its stake in Franklin Covey by 118.7% in the 1st quarter. Illumine Investment Management LLC now owns 22,248 shares of the business services provider's stock valued at $614,000 after buying an additional 12,077 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on FC. Roth Capital reduced their target price on Franklin Covey from $30.00 to $27.00 and set a "buy" rating for the company in a report on Monday, July 7th. Wall Street Zen downgraded Franklin Covey from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. Finally, 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.

Franklin Covey Stock Performance

Shares of FC stock traded down $0.08 on Monday, hitting $18.55. 141,149 shares of the stock were exchanged, compared to its average volume of 133,085. The firm's 50 day moving average is $21.80 and its two-hundred day moving average is $25.79. Franklin Covey Company has a one year low of $18.40 and a one year high of $44.16. The firm has a market capitalization of $234.45 million, a PE ratio of 23.47, a P/E/G ratio of 1.50 and a beta of 0.91. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings data on Wednesday, July 2nd. The business services provider reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.26. The business had revenue of $67.12 million for the quarter, compared to the consensus estimate of $67.49 million. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. During the same period in the prior year, the firm earned $0.46 earnings per share. Sell-side analysts expect that Franklin Covey Company will post 0.97 earnings per share 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.