Franklin Covey Co. (NYSE:FC) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC trimmed its holdings in shares of Franklin Covey Co. (NYSE:FC) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,044 shares of the business services provider’s stock after selling 560 shares during the quarter. Legato Capital Management LLC’s holdings in Franklin Covey were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FC. R Squared Ltd purchased a new position in shares of Franklin Covey during the 4th quarter valued at approximately $57,000. SG Americas Securities LLC purchased a new position in shares of Franklin Covey during the 3rd quarter valued at approximately $290,000. Creative Planning purchased a new position in shares of Franklin Covey during the 3rd quarter valued at approximately $301,000. Point72 Asset Management L.P. increased its holdings in shares of Franklin Covey by 26.2% during 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 purchasing an additional 1,711 shares in the last quarter. Finally, Modera Wealth Management LLC purchased a new position in shares of Franklin Covey during the 3rd quarter valued at approximately $352,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FC shares. StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a report on Thursday, November 7th.

Franklin Covey Price Performance

Shares of NYSE FC opened at $35.70 on Friday. The firm has a market cap of $471.17 million, a PE ratio of 24.28, a PEG ratio of 1.95 and a beta of 1.20. The firm has a fifty day moving average of $36.01 and a 200 day moving average of $38.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. Franklin Covey Co. has a one year low of $28.99 and a one year high of $44.46.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results 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 return on equity of 25.23% and a net margin of 6.85%. As a group, research analysts predict that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

Franklin Covey Company 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.