Mackenzie Financial Corp Invests $330,000 in Franklin Covey Co. (NYSE:FC)

Mackenzie Financial Corp acquired a new stake in Franklin Covey Co. (NYSE:FC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,573 shares of the business services provider’s stock, valued at approximately $330,000. Mackenzie Financial Corp owned approximately 0.06% of Franklin Covey as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FC. Algert Global LLC increased its stake in Franklin Covey by 610.2% in the 3rd quarter. Algert Global LLC now owns 36,150 shares of the business services provider’s stock worth $1,552,000 after purchasing an additional 31,060 shares during the period. Rice Hall James & Associates LLC grew its holdings in shares of Franklin Covey by 5.9% in the third quarter. Rice Hall James & Associates LLC now owns 509,698 shares of the business services provider’s stock worth $21,876,000 after purchasing an additional 28,434 shares during the last quarter. Millrace Asset Group Inc. purchased a new position in shares of Franklin Covey in the third quarter worth $1,023,000. Los Angeles Capital Management LLC raised its holdings in Franklin Covey by 43.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 61,156 shares of the business services provider’s stock valued at $2,625,000 after buying an additional 18,479 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in Franklin Covey by 81.1% during the 3rd quarter. Trexquant Investment LP now owns 18,964 shares of the business services provider’s stock valued at $814,000 after buying an additional 8,490 shares during the period. Institutional investors own 69.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FC shares. Barrington Research restated an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research report on Monday, April 8th. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Finally, Northland Securities dropped their price objective on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $66.33.

Franklin Covey Trading Up 0.5 %

NYSE:FC opened at $39.54 on Friday. The company has a 50-day moving average price of $38.95 and a 200-day moving average price of $39.56. The stock has a market cap of $524.70 million, a price-to-earnings ratio of 32.15, a P/E/G ratio of 1.15 and a beta of 1.22. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. Franklin Covey Co. has a 12 month low of $32.19 and a 12 month high of $48.76.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, March 27th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Franklin Covey had a return on equity of 23.23% and a net margin of 6.13%. The business had revenue of $61.34 million for the quarter, compared to analysts’ expectations of $62.03 million. Equities analysts predict that Franklin Covey Co. will post 1.72 EPS 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.