Acuitas Investments LLC Sells 26,954 Shares of Franklin Covey Co. (NYSE:FC)

Acuitas Investments LLC cut its stake in Franklin Covey Co. (NYSE:FC) by 28.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,422 shares of the business services provider’s stock after selling 26,954 shares during the period. Franklin Covey makes up approximately 1.5% of Acuitas Investments LLC’s holdings, making the stock its 23rd biggest position. Acuitas Investments LLC owned 0.51% of Franklin Covey worth $2,935,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. boosted its holdings in Franklin Covey by 0.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 604,426 shares of the business services provider’s stock valued at $25,942,000 after purchasing an additional 2,047 shares during the period. Rice Hall James & Associates LLC lifted its holdings in shares of Franklin Covey by 5.9% during the 3rd quarter. Rice Hall James & Associates LLC now owns 509,698 shares of the business services provider’s stock worth $21,876,000 after acquiring an additional 28,434 shares during the period. Bares Capital Management Inc. lifted its holdings in shares of Franklin Covey by 1.6% during the 3rd quarter. Bares Capital Management Inc. now owns 412,801 shares of the business services provider’s stock worth $17,717,000 after acquiring an additional 6,340 shares during the period. Brasada Capital Management LP lifted its holdings in shares of Franklin Covey by 1.1% during the 3rd quarter. Brasada Capital Management LP now owns 96,055 shares of the business services provider’s stock worth $3,951,000 after acquiring an additional 1,067 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Franklin Covey by 43.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 61,156 shares of the business services provider’s stock worth $2,625,000 after acquiring an additional 18,479 shares during the period. 69.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on FC. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Northland Securities reduced their price objective on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a report on Monday, April 8th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $66.33.

Franklin Covey Price Performance

Shares of Franklin Covey stock traded down $0.72 during mid-day trading on Wednesday, reaching $39.58. 101,459 shares of the stock were exchanged, compared to its average volume of 96,211. The company has a market cap of $525.23 million, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $38.96 and a 200 day simple moving average of $39.59. Franklin Covey Co. has a fifty-two week low of $32.19 and a fifty-two week high of $48.76.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, March 27th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $61.34 million during the quarter, compared to analysts’ expectations of $62.03 million. Franklin Covey had a net margin of 6.13% and a return on equity of 23.23%. On average, sell-side analysts predict that Franklin Covey Co. will post 1.72 EPS 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.