Legato Capital Management LLC Cuts Stock Holdings in Franklin Covey Co. (NYSE:FC)

Legato Capital Management LLC decreased its holdings in shares of Franklin Covey Co. (NYSE:FC) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,044 shares of the business services provider’s stock after selling 560 shares during the period. Legato Capital Management LLC owned 0.20% of Franklin Covey worth $1,016,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FC. R Squared Ltd bought a new stake in shares of Franklin Covey in the 4th quarter valued at about $57,000. SG Americas Securities LLC bought a new stake in shares of Franklin Covey in the 3rd quarter valued at about $290,000. Creative Planning bought a new stake in shares of Franklin Covey in the 3rd quarter valued at about $301,000. Point72 Asset Management L.P. boosted its holdings in shares of Franklin Covey by 26.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider’s stock valued at $339,000 after buying an additional 1,711 shares in the last quarter. Finally, Modera Wealth Management LLC bought a new stake in shares of Franklin Covey in the 3rd quarter valued at about $352,000. 69.88% of the stock is currently owned by institutional investors.

Franklin Covey Stock Down 1.3 %

FC stock opened at $35.70 on Friday. The firm has a 50 day moving average of $36.01 and a 200 day moving average of $38.27. The stock has a market capitalization of $471.17 million, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. Franklin Covey Co. has a 52 week low of $28.99 and a 52 week high of $44.46.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. StockNews.com cut shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th. Barrington Research reiterated an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research note on Thursday, November 7th.

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.