Los Angeles Capital Management LLC Sells 7,240 Shares of Franklin Covey Co. (NYSE:FC)

Los Angeles Capital Management LLC reduced its holdings in shares of Franklin Covey Co. (NYSE:FC) by 17.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,267 shares of the business services provider’s stock after selling 7,240 shares during the period. Los Angeles Capital Management LLC’s holdings in Franklin Covey were worth $1,250,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of Franklin Covey by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after purchasing an additional 8,888 shares during the last quarter. State Street Corp grew its stake in Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock worth $10,502,000 after buying an additional 5,955 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Franklin Covey by 3.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock worth $9,442,000 after buying an additional 8,310 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Franklin Covey in the fourth quarter valued at approximately $2,186,000. Finally, Dean Investment Associates LLC acquired a new position in shares of Franklin Covey in the 3rd quarter worth approximately $2,259,000. 69.88% of the stock is currently owned by institutional investors.

Franklin Covey Stock Up 0.7 %

Franklin Covey stock opened at $31.96 on Friday. The firm has a market capitalization of $421.74 million, a price-to-earnings ratio of 21.74, a PEG ratio of 1.74 and a beta of 1.20. The company’s 50 day simple moving average is $35.25 and its 200 day simple moving average is $37.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. Franklin Covey Co. has a fifty-two week low of $28.99 and a fifty-two week high of $44.46.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. As a group, sell-side analysts anticipate that Franklin Covey Co. will post 0.97 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on FC. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research note on Thursday, November 7th.

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.