Illumine Investment Management LLC Purchases New Position in Franklin Covey Co. (NYSE:FC)

Illumine Investment Management LLC acquired a new stake in shares of Franklin Covey Co. (NYSE:FC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 10,171 shares of the business services provider’s stock, valued at approximately $382,000.

A number of other institutional investors have also recently added to or reduced their stakes in FC. New York State Teachers Retirement System acquired a new position in shares of Franklin Covey during the 4th quarter worth about $38,000. R Squared Ltd bought a new position in Franklin Covey during the fourth quarter valued at about $57,000. Creative Planning bought a new stake in shares of Franklin Covey in the 3rd quarter worth approximately $301,000. Point72 Asset Management L.P. increased 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 valued at $339,000 after purchasing an additional 1,711 shares during the period. Finally, O Keefe Stevens Advisory Inc. raised its stake in shares of Franklin Covey by 38.2% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 9,612 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 2,658 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FC. 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 price target on shares of Franklin Covey in a report on Thursday, November 7th.

Franklin Covey Price Performance

FC opened at $31.80 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. The stock has a market capitalization of $419.63 million, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. The company’s 50 day simple moving average is $35.34 and its 200-day simple moving average is $37.75. Franklin Covey Co. has a one year low of $28.99 and a one year high of $44.46.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share 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%. Sell-side analysts anticipate that Franklin Covey Co. will post 0.97 earnings per share for the current fiscal 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.