Soltis Investment Advisors LLC Trims Holdings in Franklin Covey Co. (NYSE:FC)

Soltis Investment Advisors LLC lowered its position in shares of Franklin Covey Co. (NYSE:FC) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,709 shares of the business services provider’s stock after selling 424 shares during the quarter. Soltis Investment Advisors LLC owned 0.12% of Franklin Covey worth $590,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Franklin Covey during the 4th quarter worth about $57,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Franklin Covey during the second quarter valued at approximately $226,000. SG Americas Securities LLC purchased a new stake in shares of Franklin Covey during the third quarter valued at approximately $290,000. Creative Planning acquired a new stake in shares of Franklin Covey during the third quarter worth approximately $301,000. Finally, Point72 Asset Management L.P. grew its position in shares of Franklin Covey by 26.2% during the third quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider’s stock worth $339,000 after buying an additional 1,711 shares in the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FC. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Barrington Research reissued an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Stock Performance

Franklin Covey stock opened at $38.84 on Tuesday. The company has a market cap of $512.62 million, a PE ratio of 26.42, a P/E/G ratio of 1.95 and a beta of 1.20. The company has a fifty day moving average price of $35.97 and a two-hundred day moving average price of $38.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. Franklin Covey Co. has a 12 month low of $28.99 and a 12 month high of $44.46.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. Research analysts expect that Franklin Covey Co. will post 0.97 earnings per share for the current 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.