Franklin Covey Co. (NYSE:FC) is Nine Ten Capital Management LLC’s 8th Largest Position

Nine Ten Capital Management LLC lowered its position in shares of Franklin Covey Co. (NYSE:FC) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 418,166 shares of the business services provider’s stock after selling 40,000 shares during the period. Franklin Covey makes up about 4.5% of Nine Ten Capital Management LLC’s portfolio, making the stock its 8th biggest position. Nine Ten Capital Management LLC’s holdings in Franklin Covey were worth $15,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Franklin Covey by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider’s stock valued at $11,316,000 after acquiring an additional 5,872 shares in the last quarter. State Street Corp boosted its position 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 valued at $10,502,000 after purchasing an additional 5,955 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Franklin Covey by 3.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock valued at $9,442,000 after purchasing an additional 8,310 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Franklin Covey by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider’s stock worth $5,521,000 after purchasing an additional 9,900 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Franklin Covey by 885.5% during the fourth quarter. Royce & Associates LP now owns 140,793 shares of the business services provider’s stock valued at $5,291,000 after buying an additional 126,506 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FC has been the topic of a number of analyst reports. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 11th. Barrington Research reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Franklin Covey in a report on Thursday, April 10th.

Franklin Covey Trading Up 0.9 %

Franklin Covey stock opened at $20.38 on Friday. Franklin Covey Co. has a one year low of $18.94 and a one year high of $44.46. The stock has a market cap of $264.64 million, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. The stock has a 50-day moving average of $28.08 and a two-hundred day moving average of $34.21.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The company had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $62.24 million. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. On average, research analysts anticipate that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

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.