Royce & Associates LP Grows Position in Franklin Covey Co. (NYSE:FC)

Royce & Associates LP increased its holdings in shares of Franklin Covey Co. (NYSE:FC) by 885.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,793 shares of the business services provider’s stock after acquiring an additional 126,506 shares during the quarter. Royce & Associates LP’s holdings in Franklin Covey were worth $5,291,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Globeflex Capital L P grew its holdings in Franklin Covey by 9.7% in the 4th quarter. Globeflex Capital L P now owns 42,046 shares of the business services provider’s stock valued at $1,580,000 after buying an additional 3,731 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Franklin Covey during the 4th quarter valued at about $169,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Franklin Covey by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,692 shares of the business services provider’s stock valued at $3,483,000 after purchasing an additional 539 shares during the period. Wiser Advisor Group LLC increased its position in Franklin Covey by 100.2% during the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider’s stock worth $68,000 after purchasing an additional 907 shares during the last quarter. Finally, Illumine Investment Management LLC purchased a new position in Franklin Covey during the fourth quarter worth about $382,000. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Covey Stock Down 0.9 %

Shares of NYSE:FC opened at $28.99 on Thursday. The company has a market capitalization of $382.49 million, a price-to-earnings ratio of 19.72, a PEG ratio of 1.74 and a beta of 1.29. Franklin Covey Co. has a 12-month low of $27.97 and a 12-month high of $44.46. The business has a 50-day moving average price of $33.67 and a 200 day moving average price of $36.91. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03.

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

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.