Franklin Covey Co. (FC) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

January 14, 2018 - By Henry Gaston

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.28, from 1.32 in 2017Q2. It dived, as 3 investors sold Franklin Covey Co. shares while 20 reduced holdings. 6 funds opened positions while 18 raised stakes. 6.76 million shares or 5.00% less from 7.12 million shares in 2017Q2 were reported.
Strs Ohio invested in 0% or 33,500 shares. Jpmorgan Chase And has 82,322 shares. Pembroke Management holds 1.91% of its portfolio in Franklin Covey Co. (NYSE:FC) for 963,872 shares. Invesco has invested 0% in Franklin Covey Co. (NYSE:FC). 16,055 were reported by Morgan Stanley. Wells Fargo Communication Mn holds 0% or 11,011 shares. Barclays Public Ltd Com has invested 0% in Franklin Covey Co. (NYSE:FC). 11,200 were accumulated by New York State Common Retirement Fund. 1.06 million are held by Dimensional Fund Advsrs Lp. Tiaa Cref Invest Management Limited Liability Corporation reported 0% stake. Vanguard Group Inc Incorporated Inc holds 0% or 474,206 shares in its portfolio. Rhumbline Advisers owns 11,525 shares or 0% of their US portfolio. Schwab Charles Investment Mgmt, California-based fund reported 51,359 shares. Legal General Grp Incorporated Public Limited Liability Co accumulated 2,858 shares. Renaissance Techs Llc, New York-based fund reported 91,573 shares.

Since August 1, 2017, it had 0 insider buys, and 3 selling transactions for $102,907 activity.

The stock of Franklin Covey Co. (NYSE:FC) hit a new 52-week high and has $33.19 target or 9.00 % above today’s $30.45 share price. The 9 months bullish chart indicates low risk for the $421.50M company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $33.19 price target is reached, the company will be worth $37.94 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

It closed at $30.45 lastly. It is up 33.77% since January 14, 2017 and is uptrending. It has outperformed by 17.07% the S&P500.

Franklin Covey Co. (NYSE:FC) Ratings Coverage

Among 7 analysts covering Franklin Covey Company (NYSE:FC), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Franklin Covey Company had 8 analyst reports since November 5, 2015 according to SRatingsIntel. The company was downgraded on Thursday, November 5 by William Blair. As per Tuesday, January 9, the company rating was upgraded by Barrington. The stock of Franklin Covey Co. (NYSE:FC) earned “Mkt Perform” rating by Barrington Research on Wednesday, December 28. The stock has “Buy” rating by Roth Capital on Thursday, November 5. FBR Capital maintained Franklin Covey Co. (NYSE:FC) rating on Tuesday, November 7. FBR Capital has “Buy” rating and $22.0 target. The firm has “Buy” rating by TH Capital given on Thursday, November 5. As per Sunday, November 12, the company rating was maintained by Roth Capital. As per Friday, November 10, the company rating was maintained by B. Riley & Co.

More important recent Franklin Covey Co. (NYSE:FC) news were published by: Fool.com which released: “Why Nektar Therapeutics, Franklin Covey, and BP Prudhoe Bay Royalty Trust …” on January 09, 2018, also Seekingalpha.com published article titled: “Franklin Covey acquires Jhana”, Businesswire.com published: “Franklin Covey Co. Acquires Robert Gregory Partners” on May 18, 2017. More interesting news about Franklin Covey Co. (NYSE:FC) was released by: Businesswire.com and their article: “Franklin Covey to Report First-Quarter Fiscal 2018 Results” with publication date: December 21, 2017.

Franklin Covey Co. provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company has market cap of $421.50 million. The firm operates through four divisions: Direct Offices, Strategic Markets, Education Practice, and International Licensees. It currently has negative earnings. It also offers clients with training in management skills, relationship skills, and individual effectiveness, as well as personal-effectiveness literature and electronic educational solutions.

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