Hsbc Holdings PLC Has $1.05 Million Holdings in Franklin Covey Co. (NYSE:FC)

Hsbc Holdings PLC lowered its stake in shares of Franklin Covey Co. (NYSE:FC) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,915 shares of the business services provider’s stock after selling 815 shares during the period. Hsbc Holdings PLC owned approximately 0.21% of Franklin Covey worth $1,048,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in shares of Franklin Covey during the fourth quarter valued at about $38,000. R Squared Ltd purchased a new stake in Franklin Covey in the 4th quarter valued at about $57,000. Wiser Advisor Group LLC lifted its position 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 buying an additional 907 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Franklin Covey by 509.0% in 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 last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Franklin Covey by 20,310.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FC shares. Barrington Research reissued an “outperform” rating and issued a $35.00 price objective on shares of Franklin Covey in a research report on Thursday, April 10th. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th.

Franklin Covey Price Performance

Franklin Covey stock opened at $21.19 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is $25.33 and its 200 day simple moving average is $32.76. Franklin Covey Co. has a 12 month low of $18.94 and a 12 month high of $44.46. The company has a market cap of $275.22 million, a price-to-earnings ratio of 14.41, a PEG ratio of 1.74 and a beta of 0.98.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. The company had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. Sell-side analysts forecast that Franklin Covey Co. will post 0.97 EPS 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.