Dimensional Fund Advisors LP Decreases Stake in Franklin Covey Company (FC)
Dimensional Fund Advisors LP lowered its position in Franklin Covey Company (NYSE:FC) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,101,091 shares of the business services provider’s stock after selling 93,613 shares during the period. Dimensional Fund Advisors LP owned 7.94% of Franklin Covey worth $21,252,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in FC. California Public Employees Retirement System grew its stake in shares of Franklin Covey by 30.8% in the 2nd quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock worth $262,000 after buying an additional 3,200 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Franklin Covey by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 497,768 shares of the business services provider’s stock worth $9,607,000 after buying an additional 9,279 shares during the last quarter. Northern Trust Corp grew its stake in shares of Franklin Covey by 2.7% in the 2nd quarter. Northern Trust Corp now owns 137,853 shares of the business services provider’s stock worth $2,661,000 after buying an additional 3,688 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Franklin Covey by 18.1% in the 2nd quarter. New York State Common Retirement Fund now owns 21,181 shares of the business services provider’s stock worth $409,000 after buying an additional 3,250 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Franklin Covey by 13.0% in the 2nd quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock worth $370,000 after buying an additional 2,211 shares during the last quarter. 52.19% of the stock is owned by hedge funds and other institutional investors.
Shares of Franklin Covey Company (NYSE:FC) opened at $19.00 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.13 and a debt-to-equity ratio of 0.39. Franklin Covey Company has a 52 week low of $15.20 and a 52 week high of $22.45.
In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $20.33, for a total transaction of $36,431.36. Following the sale, the director now directly owns 225,280 shares in the company, valued at approximately $4,579,942.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 5,377 shares of company stock worth $104,045 in the last 90 days. 33.50% of the stock is currently owned by company insiders.
Several analysts recently weighed in on FC shares. BidaskClub downgraded Franklin Covey from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Franklin Covey from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Finally, B. Riley restated a “buy” rating and issued a $22.00 price target on shares of Franklin Covey in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Franklin Covey presently has a consensus rating of “Hold” and a consensus target price of $22.00.
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About Franklin Covey
Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.
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