Modera Wealth Management LLC Buys 1,519 Shares of Franklin Covey Company (FC)

Modera Wealth Management LLC lifted its stake in Franklin Covey Company (NYSE:FC) by 5.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,281 shares of the business services provider’s stock after buying an additional 1,519 shares during the quarter. Modera Wealth Management LLC owned approximately 0.20% of Franklin Covey worth $527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Franklin Covey by 4.3% during the first quarter. Vanguard Group Inc. now owns 488,489 shares of the business services provider’s stock worth $9,867,000 after purchasing an additional 20,353 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Franklin Covey by 0.7% during the first quarter. JPMorgan Chase & Co. now owns 231,971 shares of the business services provider’s stock worth $4,686,000 after purchasing an additional 1,572 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in Franklin Covey by 22.0% during the second quarter. Rice Hall James & Associates LLC now owns 197,696 shares of the business services provider’s stock worth $3,816,000 after purchasing an additional 35,658 shares in the last quarter. Geode Capital Management LLC boosted its position in Franklin Covey by 3.8% during the first quarter. Geode Capital Management LLC now owns 83,646 shares of the business services provider’s stock worth $1,689,000 after purchasing an additional 3,077 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Franklin Covey by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 79,236 shares of the business services provider’s stock worth $1,529,000 after purchasing an additional 646 shares in the last quarter. Hedge funds and other institutional investors own 52.02% of the company’s stock.

In related news, Director Joel Clinton Peterson sold 1,792 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $19.45, for a total value of $34,854.40. Following the transaction, the director now owns 230,657 shares in the company, valued at approximately $4,486,278.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 5,377 shares of company stock worth $101,338 in the last 90 days. 33.50% of the stock is currently owned by insiders.

Shares of Franklin Covey Company (NYSE FC) traded down 0.27% during trading on Friday, reaching $18.65. The company’s stock had a trading volume of 851 shares. Franklin Covey Company has a 52 week low of $15.20 and a 52 week high of $22.45. The firm’s market capitalization is $258.47 million. The company has a 50 day moving average price of $18.25 and a 200 day moving average price of $19.17.

Franklin Covey (NYSE:FC) last posted its earnings results on Friday, June 30th. The business services provider reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.13. Franklin Covey had a negative net margin of 2.15% and a negative return on equity of 2.02%. The firm had revenue of $43.80 million during the quarter, compared to analysts’ expectations of $44.25 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Franklin Covey Company will post ($0.46) EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating and set a $24.00 price target on shares of Franklin Covey in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Franklin Covey from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub downgraded Franklin Covey from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine upgraded Franklin Covey from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.00.

WARNING: “Modera Wealth Management LLC Buys 1,519 Shares of Franklin Covey Company (FC)” was reported by BBNS and is the sole property of of BBNS. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://baseballnewssource.com/markets/modera-wealth-management-llc-buys-1519-shares-of-franklin-covey-company-fc/1602911.html.

Franklin Covey Company Profile

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

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

Receive News & Ratings for Franklin Covey Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Covey Company and related companies with our FREE daily email newsletter.

 


Latest News

Washington Nationals Call Up Prospect to Help Outfield
Washington Nationals Call Up Prospect to Help Outfield
Gene Michael Former Yankees Great Dies at 79
Gene Michael Former Yankees Great Dies at 79
Red Sox Use Apple Watch to Steal Yankees Signs
Red Sox Use Apple Watch to Steal Yankees Signs
Milwaukee Brewers Have Options for Reaching the Postseason
Milwaukee Brewers Have Options for Reaching the Postseason
Seattle Mariners Sign Mike Leake from St. Louis
Seattle Mariners Sign Mike Leake from St. Louis
Josh Bell Attracting Attention in Pittsburgh
Josh Bell Attracting Attention in Pittsburgh


Leave a Reply

 
© 2006-2017 BBNS.