Punch Associates Investment Management Lowers stake in Franklin Covey Co. (FC)

Franklin Covey Co. (FC) : Punch Associates Investment Management reduced its stake in Franklin Covey Co. by 7.56% during the most recent quarter end. The investment management company now holds a total of 541,327 shares of Franklin Covey Co. which is valued at $8,904,829 after selling 44,293 shares in Franklin Covey Co. , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Franklin Covey Co. makes up approximately 0.99% of Punch Associates Investment Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa added FC to its portfolio by purchasing 399 company shares during the most recent quarter which is valued at $5,929.

Franklin Covey Co. opened for trading at $15.94 and hit $16.51 on the upside on Monday, eventually ending the session at $16.45, with a gain of 3.01% or 0.48 points. The heightened volatility saw the trading volume jump to 1,86,604 shares. Company has a market cap of $233 M.

On the company’s financial health, Franklin Covey Co. reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Jun 30, 2016. Analyst had a consensus of $0.10. The company had revenue of $44.70 million for the quarter, compared to analysts expectations of $49.90 million. The company’s revenue was down -7.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.07 EPS.

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. The Company also provides clients with training in management skills relationship skills and individual effectiveness. The Company provides personal-effectiveness literature and electronic educational solutions to its clients. The Company’s practices are designed to provide content and delivery including books and recognized thought leadership multiple deliveries and teaching methods a practice-centric focused sales force and practice-specific marketing support.

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