Franklin Covey Co. (NYSE:FC) is Nine Ten Capital Management LLC's 8th Largest Position

Nine Ten Capital Management LLC reduced its holdings in Franklin Covey Co. (NYSE:FC - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 418,166 shares of the business services provider's stock after selling 40,000 shares during the quarter. Franklin Covey comprises 4.5% of Nine Ten Capital Management LLC's holdings, making the stock its 8th largest holding. Nine Ten Capital Management LLC owned 3.17% of Franklin Covey worth $15,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in Franklin Covey in the 4th quarter valued at $38,000. R Squared Ltd purchased a new stake in Franklin Covey in the fourth quarter worth $57,000. Wiser Advisor Group LLC grew its stake in shares of 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 worth $68,000 after acquiring an additional 907 shares during the period. Russell Investments Group Ltd. raised its stake in Franklin Covey by 20,310.0% in the 4th quarter. Russell Investments Group Ltd. now owns 4,082 shares of the business services provider's stock valued at $153,000 after acquiring an additional 4,062 shares during the period. Finally, AlphaQuest LLC bought a new position in Franklin Covey during the fourth quarter worth about $169,000. 69.88% of the stock is currently owned by institutional investors.

Franklin Covey Price Performance

Shares of FC stock traded up $0.32 on Thursday, reaching $20.64. The company's stock had a trading volume of 35,905 shares, compared to its average volume of 90,102. The company has a market capitalization of $268.07 million, a P/E ratio of 14.05, a PEG ratio of 1.74 and a beta of 0.98. Franklin Covey Co. has a 12-month low of $18.94 and a 12-month high of $44.46. The stock's 50 day simple moving average is $27.15 and its 200-day simple moving average is $33.78. The company has a quick ratio of 0.94, a current ratio of 0.97 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, beating 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 return on equity of 25.23% and a net margin of 6.85%. As a group, equities analysts predict that Franklin Covey Co. will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

FC has been the topic of a number of analyst reports. StockNews.com cut shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. Barrington Research restated an "outperform" rating and issued a $35.00 target price on shares of Franklin Covey in a research note 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.