Hancock Whitney Corp Has $262,000 Stock Position in Franklin Covey Co. (NYSE:FC)

Hancock Whitney Corp increased its holdings in Franklin Covey Co. (NYSE:FC) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,670 shares of the business services provider’s stock after purchasing an additional 390 shares during the period. Hancock Whitney Corp owned approximately 0.05% of Franklin Covey worth $262,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FC. SG Americas Securities LLC boosted its position in Franklin Covey by 46.3% during the fourth quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock worth $155,000 after purchasing an additional 1,128 shares during the period. Mackenzie Financial Corp acquired a new position in Franklin Covey in the 4th quarter valued at $330,000. Trexquant Investment LP raised its holdings in Franklin Covey by 49.6% in the 4th quarter. Trexquant Investment LP now owns 28,375 shares of the business services provider’s stock worth $1,235,000 after acquiring an additional 9,411 shares during the period. Hsbc Holdings PLC lifted its position in Franklin Covey by 92.9% during the 4th quarter. Hsbc Holdings PLC now owns 27,444 shares of the business services provider’s stock worth $1,180,000 after acquiring an additional 13,220 shares during the last quarter. Finally, Partners Capital Investment Group LLP bought a new stake in Franklin Covey during the fourth quarter valued at about $404,000. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Price Performance

NYSE FC traded down $1.94 on Friday, reaching $40.89. The company’s stock had a trading volume of 28,021 shares, compared to its average volume of 82,981. Franklin Covey Co. has a 52 week low of $32.19 and a 52 week high of $48.76. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. The firm has a market cap of $535.25 million, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24. The business has a 50-day moving average price of $38.07 and a 200 day moving average price of $38.93.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $73.37 million for the quarter, compared to analyst estimates of $72.12 million. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. During the same period in the prior year, the company posted $0.32 EPS. Sell-side analysts expect that Franklin Covey Co. will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $50.00 price target on shares of Franklin Covey in a research report on Thursday, June 27th. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, June 27th.

Franklin Covey Company 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.