Three Bays Capital LP Boosted Its Sinclair Broadcast Group (SBGI) Position by $35.66 Million; Market Value Declined; Franklin Covey Co (FC) Shareholder Osmium Partners Has Lowered Position by $3.82 Million as Stock Price Rose

May 19, 2018 - By Dolores Ford

Franklin Covey Co. (NYSE:FC) Logo

John H Lewis decreased its stake in Franklin Covey Co (FC) by 26.55% based on its latest 2017Q4 regulatory filing with the SEC. Osmium Partners Llc sold 191,193 shares as the company’s stock rose 33.01% while stock markets declined. The hedge fund run by John H Lewis held 528,807 shares of the other consumer services company at the end of 2017Q4, valued at $10.97M, down from 720,000 at the end of the previous reported quarter. Osmium Partners Llc who had been investing in Franklin Covey Co for a number of months, seems to be less bullish one the $359.25M market cap company. The stock decreased 2.08% or $0.55 during the last trading session, reaching $25.85. About 30,540 shares traded. Franklin Covey Co. (NYSE:FC) has risen 68.42% since May 19, 2017 and is uptrending. It has outperformed by 56.87% the S&P500.

Three Bays Capital Lp increased its stake in Sinclair Broadcast Group Inc (SBGI) by 39.67% based on its latest 2017Q4 regulatory filing with the SEC. Three Bays Capital Lp bought 963,869 shares as the company’s stock declined 16.75% with the market. The institutional investor held 3.39 million shares of the consumer services company at the end of 2017Q4, valued at $128.45 million, up from 2.43M at the end of the previous reported quarter. Three Bays Capital Lp who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.15B market cap company. The stock increased 1.99% or $0.6 during the last trading session, reaching $30.8. About 1.15M shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 20.99% since May 19, 2017 and is downtrending. It has underperformed by 32.54% the S&P500.

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 11 analyst reports since November 5, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, December 28 by Barrington Research. The stock of Franklin Covey Co. (NYSE:FC) earned “Buy” rating by Roth Capital on Friday, April 6. Barrington upgraded Franklin Covey Co. (NYSE:FC) rating on Tuesday, January 9. Barrington has “Buy” rating and $32.0 target. TH Capital maintained the stock with “Buy” rating in Thursday, November 5 report. FBR Capital maintained the shares of FC in report on Thursday, April 5 with “Buy” rating. Roth Capital maintained it with “Buy” rating and $26.0 target in Sunday, November 12 report. B. Riley & Co maintained the shares of FC in report on Friday, November 10 with “Buy” rating. As per Thursday, November 5, the company rating was maintained by Roth Capital. The firm earned “Buy” rating on Monday, April 2 by Barrington. The stock has “Market Perform” rating by William Blair on Thursday, November 5.

Since May 15, 2018, it had 0 buys, and 1 insider sale for $34,502 activity.

Analysts await Franklin Covey Co. (NYSE:FC) to report earnings on July, 5. They expect $-0.23 earnings per share, 0.00% or $0.00 from last year’s $-0.23 per share. After $-0.29 actual earnings per share reported by Franklin Covey Co. for the previous quarter, Wall Street now forecasts -20.69% EPS growth.

Investors sentiment increased to 1.22 in 2017 Q4. Its up 0.18, from 1.04 in 2017Q3. It increased, as 3 investors sold FC shares while 20 reduced holdings. 10 funds opened positions while 18 raised stakes. 6.67 million shares or 1.31% less from 6.76 million shares in 2017Q3 were reported. Peak6 Ltd Partnership, a Illinois-based fund reported 316,009 shares. Jpmorgan Chase And Com owns 30,495 shares. Woodmont Counsel Ltd Llc reported 10,000 shares. 417,260 are owned by Punch And Associates Investment. Blackrock stated it has 0% of its portfolio in Franklin Covey Co. (NYSE:FC). Royal Comml Bank Of Canada has invested 0% in Franklin Covey Co. (NYSE:FC). Price T Rowe Md has invested 0% in Franklin Covey Co. (NYSE:FC). Tower Rech Capital Ltd (Trc) reported 981 shares. Ameritas Investment Ptnrs Inc has 0% invested in Franklin Covey Co. (NYSE:FC) for 1,007 shares. Renaissance Lc has 0% invested in Franklin Covey Co. (NYSE:FC). Centaur Capital Partners Limited Partnership, Texas-based fund reported 137,500 shares. State Board Of Administration Of Florida Retirement System owns 10,374 shares. Brown Brothers Harriman & holds 20,089 shares. Pembroke Management invested in 914,220 shares or 1.95% of the stock. Amer Int Group accumulated 6,540 shares.

Another recent and important Franklin Covey Co. (NYSE:FC) news was published by Businesswire.com which published an article titled: “Franklin Covey Co. Named to Top 20 Sales Training Company List by Training Industry” on May 08, 2018.

Among 8 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc had 24 analyst reports since July 30, 2015 according to SRatingsIntel. As per Friday, January 29, the company rating was maintained by Wedbush. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, August 3. The rating was maintained by RBC Capital Markets on Wednesday, July 5 with “Buy”. The firm earned “Buy” rating on Thursday, November 5 by Benchmark. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, September 26. The firm earned “Buy” rating on Wednesday, November 1 by RBC Capital Markets. The company was maintained on Thursday, March 1 by B. Riley & Co. The stock of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) earned “Outperform” rating by RBC Capital Markets on Thursday, February 23. The firm earned “Buy” rating on Wednesday, February 28 by FBR Capital. Wedbush maintained Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) on Tuesday, September 27 with “Outperform” rating.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Institutional Positions Chart

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By1 Dolores Ford

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