Punch & Associates Investment Management Inc. Sells 278,448 Shares of Franklin Covey Company $FC

Punch & Associates Investment Management Inc. lessened its holdings in shares of Franklin Covey Company (NYSE:FC) by 47.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 312,870 shares of the business services provider’s stock after selling 278,448 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Franklin Covey were worth $5,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming boosted its position in shares of Franklin Covey by 123.0% in the second quarter. State of Wyoming now owns 14,366 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 7,923 shares during the period. Numerai GP LLC boosted its position in shares of Franklin Covey by 15.9% in the third quarter. Numerai GP LLC now owns 15,703 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 2,151 shares during the period. Creative Planning bought a new position in shares of Franklin Covey in the second quarter valued at approximately $217,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Franklin Covey in the fourth quarter valued at approximately $212,000. Finally, Wells Fargo & Company MN boosted its position in shares of Franklin Covey by 71.8% in the fourth quarter. Wells Fargo & Company MN now owns 11,831 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 4,945 shares during the period. Institutional investors own 69.88% of the company’s stock.

Analysts Set New Price Targets

FC has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Franklin Covey in a research report on Friday, April 10th. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Franklin Covey in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.00.

Franklin Covey Price Performance

Shares of Franklin Covey stock opened at $22.99 on Wednesday. Franklin Covey Company has a 1 year low of $11.16 and a 1 year high of $25.50. The firm has a market cap of $259.05 million, a PE ratio of -109.46, a PEG ratio of 1.49 and a beta of 0.81. The company has a 50 day simple moving average of $22.74 and a two-hundred day simple moving average of $18.82.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. The company had revenue of $59.65 million for the quarter, compared to the consensus estimate of $58.71 million. As a group, research analysts anticipate that Franklin Covey Company will post 0.8 earnings per share for the current year.

Franklin Covey Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.