Bridge City Capital LLC Makes New Investment in Franklin Covey Co. (NYSE:FC)

Bridge City Capital LLC purchased a new stake in Franklin Covey Co. (NYSE:FC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,234 shares of the business services provider’s stock, valued at approximately $272,000. Bridge City Capital LLC owned approximately 0.05% of Franklin Covey at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Franklin Covey by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 92,692 shares of the business services provider’s stock valued at $3,483,000 after buying an additional 539 shares during the period. Bank of New York Mellon Corp increased its stake in Franklin Covey by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 35,317 shares of the business services provider’s stock valued at $1,327,000 after acquiring an additional 824 shares during the last quarter. Wiser Advisor Group LLC raised 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 valued at $68,000 after purchasing an additional 907 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Franklin Covey by 5.5% during the third quarter. Janus Henderson Group PLC now owns 18,458 shares of the business services provider’s stock worth $759,000 after purchasing an additional 964 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of Franklin Covey in the 4th quarter valued at $38,000. 69.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Barrington Research restated an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a research note on Friday.

Franklin Covey Trading Down 0.4 %

NYSE FC opened at $28.41 on Friday. Franklin Covey Co. has a twelve month low of $27.97 and a twelve month high of $44.46. The business’s fifty day moving average is $33.48 and its 200 day moving average is $36.74. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The company has a market cap of $374.90 million, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29.

Franklin Covey (NYSE:FC) last released its quarterly 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 return on equity of 25.23% and a net margin of 6.85%. As a group, sell-side analysts expect that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

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.