Bank of New York Mellon Corp lowered its position in Franklin Covey Co. (NYSE:FC) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 89,059 shares of the company’s stock after selling 2,276 shares during the period. Bank of New York Mellon Corp owned about 0.63% of Franklin Covey worth $1,365,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Rice Hall James & Associates LLC increased its position in shares of Franklin Covey by 1.1% in the second quarter. Rice Hall James & Associates LLC now owns 149,011 shares of the company’s stock worth $2,284,000 after buying an additional 1,616 shares during the last quarter. Strs Ohio increased its position in Franklin Covey by 3.6% in the second quarter. Strs Ohio now owns 37,600 shares of the company’s stock valued at $576,000 after buying an additional 1,300 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Franklin Covey during the second quarter valued at about $129,000. Renaissance Technologies LLC increased its position in Franklin Covey by 11.4% in the first quarter. Renaissance Technologies LLC now owns 62,400 shares of the company’s stock valued at $1,098,000 after buying an additional 6,400 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Franklin Covey by 1.2% in the first quarter. Geode Capital Management LLC now owns 79,123 shares of the company’s stock valued at $1,391,000 after buying an additional 930 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.
Franklin Covey Co. (NYSE:FC) traded up 0.27% during midday trading on Tuesday, reaching $18.25. 16,316 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $16.65 and its 200-day moving average price is $15.93. Franklin Covey Co. has a 1-year low of $13.45 and a 1-year high of $18.30. The company has a market capitalization of $258.71 million, a PE ratio of 40.83 and a beta of 1.14.
FC has been the topic of several research reports. Zacks Investment Research downgraded Franklin Covey from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. B. Riley reissued a “buy” rating and issued a $20.00 target price on shares of Franklin Covey in a research report on Monday, July 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Franklin Covey presently has a consensus rating of “Hold” and a consensus price target of $20.00.
In other Franklin Covey news, Director Joel Clinton Peterson sold 1,792 shares of Franklin Covey stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $16.13, for a total value of $28,904.96. Following the transaction, the director now directly owns 255,070 shares in the company, valued at $4,114,279.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 28.70% of the stock is currently owned by company insiders.
About Franklin Covey
Franklin Covey Co (FranklinCovey) is a global company engaged in performance improvement. The Company operates in seven areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Education. The Company operates globally with one common brand and business model designed to enable the Company to provide clients around the world.
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