Franklin Covey (NYSE:FC – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
Separately, Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research note on Thursday.
Check Out Our Latest Research Report on FC
Franklin Covey Price Performance
Hedge Funds Weigh In On Franklin Covey
Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Franklin Covey during the 1st quarter valued at approximately $59,000. O Keefe Stevens Advisory Inc. purchased a new position in shares of Franklin Covey during the 2nd quarter valued at approximately $202,000. Lazard Asset Management LLC increased its holdings in shares of Franklin Covey by 92.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 2,699 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Franklin Covey during the 2nd quarter valued at approximately $226,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Franklin Covey during the 1st quarter valued at approximately $241,000. 69.88% of the stock is owned by hedge funds and other institutional investors.
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.
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