Charles Schwab Investment Management Inc. Lowers Holdings in Franklin Covey Co. (NYSE:FC)

Charles Schwab Investment Management Inc. trimmed its position in Franklin Covey Co. (NYSE:FC) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,153 shares of the business services provider’s stock after selling 382 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Franklin Covey were worth $3,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in Franklin Covey in the 2nd quarter valued at $226,000. Point72 Asset Management L.P. purchased a new position in Franklin Covey in the 2nd quarter valued at $248,000. O Keefe Stevens Advisory Inc. lifted its holdings in Franklin Covey by 30.6% in the third quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 1,629 shares during the period. SG Americas Securities LLC acquired a new stake in Franklin Covey in the third quarter valued at $290,000. Finally, Creative Planning acquired a new stake in Franklin Covey in the third quarter valued at $301,000. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a report on Thursday, November 7th.

Franklin Covey Trading Down 0.9 %

NYSE:FC opened at $36.35 on Friday. The company has a market capitalization of $479.24 million, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. Franklin Covey Co. has a 52-week low of $33.75 and a 52-week high of $44.96. The stock has a fifty day simple moving average of $38.53 and a 200-day simple moving average of $38.80.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. The business had revenue of $84.12 million during the quarter, compared to the consensus estimate of $80.38 million. On average, equities research analysts expect that Franklin Covey Co. will post 1.36 earnings per share 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.