Franklin Covey Co. (NYSE:FC) Shares Sold by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. reduced its stake in Franklin Covey Co. (NYSE:FC) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,369 shares of the business services provider’s stock after selling 1,650 shares during the period. Franklin Covey accounts for approximately 1.2% of Intrepid Capital Management Inc.’s holdings, making the stock its 25th biggest position. Intrepid Capital Management Inc. owned approximately 0.41% of Franklin Covey worth $2,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FC. B. Riley Wealth Advisors Inc. acquired a new stake in Franklin Covey in the 2nd quarter valued at about $17,022,000. Harbor Capital Advisors Inc. raised its holdings in shares of Franklin Covey by 137.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock worth $9,993,000 after purchasing an additional 140,537 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in Franklin Covey by 9.0% during the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after purchasing an additional 45,312 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Franklin Covey by 3.5% during the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after buying an additional 24,062 shares in the last quarter. Finally, Millennium Management LLC grew its position in Franklin Covey by 13.5% in the second quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock worth $5,708,000 after buying an additional 17,909 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors.

Franklin Covey Trading Down 0.7 %

Franklin Covey stock traded down $0.28 during midday trading on Tuesday, reaching $37.12. The stock had a trading volume of 688 shares, compared to its average volume of 72,207. Franklin Covey Co. has a twelve month low of $33.75 and a twelve month high of $44.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.96. The firm has a market cap of $489.24 million, a price-to-earnings ratio of 21.33, a PEG ratio of 1.33 and a beta of 1.21. The firm’s fifty day simple moving average is $39.29 and its two-hundred day simple moving average is $38.85.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, November 6th. The business services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. The business had revenue of $84.12 million during the quarter, compared to analysts’ expectations of $80.38 million. Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. Equities analysts anticipate that Franklin Covey Co. will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FC. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barrington Research reiterated an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a research report 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.