BlackRock Inc. Increases Position in Franklin Covey Co. (FC)

BlackRock Inc. lifted its holdings in Franklin Covey Co. (NYSE:FC) by 3.4% in the second quarter, HoldingsChannel reports. The firm owned 809,783 shares of the business services provider’s stock after buying an additional 26,454 shares during the quarter. BlackRock Inc. owned approximately 0.06% of Franklin Covey worth $19,880,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in shares of Franklin Covey in the first quarter valued at approximately $132,000. Acadian Asset Management LLC acquired a new position in shares of Franklin Covey in the second quarter valued at approximately $212,000. A.R.T. Advisors LLC purchased a new position in Franklin Covey in the first quarter worth approximately $347,000. Cadence Capital Management LLC purchased a new position in Franklin Covey in the second quarter worth approximately $926,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Franklin Covey by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 58,588 shares of the business services provider’s stock worth $1,439,000 after acquiring an additional 2,046 shares during the last quarter. Hedge funds and other institutional investors own 46.69% of the company’s stock.

Shares of Franklin Covey stock opened at $21.35 on Friday. Franklin Covey Co. has a 52-week low of $18.00 and a 52-week high of $31.20. The company has a quick ratio of 1.04, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $307.36 million, a P/E ratio of -56.18, a PEG ratio of 8.50 and a beta of 1.04.



A number of research analysts recently issued reports on FC shares. B. Riley decreased their price target on shares of Franklin Covey from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, September 17th. Zacks Investment Research downgraded shares of Franklin Covey from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $33.00.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.

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Institutional Ownership by Quarter for Franklin Covey (NYSE:FC)

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