A.H. Belo Corp. (AHC) Lowered to Hold at Zacks Investment Research
A.H. Belo Corp. (NYSE:AHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “A. H. Belo Corporation headquartered in Dallas, Texas, is a distinguished newspaper publishing and local news and information company that owns and operates four daily newspapers and a diverse group of Web sites. . H. Belo publishes The Dallas Morning News, Texas’ leading newspaper and winner of eight Pulitzer Prizes since 1986; The Providence Journal, the oldest continuously-published daily newspaper in the U.S. and winner of four Pulitzer Prizes; The Press-Enterprise (Riverside, CA), serving southern California’s Inland Empire region and winner of one Pulitzer Prize; and the Denton Record-Chronicle. The Company publishes various specialty publications targeting niche audiences, and its partnerships and/or investments include the Yahoo! Newspaper Consortium and Classified Ventures, owner of cars.com. A. H. Belo also owns direct mail and commercial printing businesses. “
Separately, Gabelli raised shares of A.H. Belo Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd.
Shares of A.H. Belo Corp. (NYSE:AHC) traded down 0.54% during trading on Tuesday, reaching $7.33. 41,813 shares of the company’s stock traded hands. A.H. Belo Corp. has a 1-year low of $4.66 and a 1-year high of $7.95. The company’s market capitalization is $158.89 million. The company has a 50 day moving average of $6.48 and a 200-day moving average of $5.43.
In other news, SVP Christine E. Larkin sold 6,511 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $5.82, for a total transaction of $37,894.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Decherd sold 81,140 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $6.03, for a total value of $489,274.20. Following the transaction, the director now owns 100,000 shares of the company’s stock, valued at $603,000. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in AHC. Penbrook Management LLC acquired a new position in A.H. Belo Corp. during the second quarter valued at approximately $183,000. Jacobs Levy Equity Management Inc. boosted its position in A.H. Belo Corp. by 251.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 41,800 shares of the company’s stock valued at $201,000 after buying an additional 29,900 shares during the period. Bridgeway Capital Management Inc. boosted its position in A.H. Belo Corp. by 33.4% in the second quarter. Bridgeway Capital Management Inc. now owns 99,521 shares of the company’s stock valued at $498,000 after buying an additional 24,900 shares during the period. Emerald Acquisition Ltd. acquired a new position in A.H. Belo Corp. during the second quarter valued at approximately $680,000. Finally, Bank of New York Mellon Corp boosted its position in A.H. Belo Corp. by 9.8% in the second quarter. Bank of New York Mellon Corp now owns 152,457 shares of the company’s stock valued at $763,000 after buying an additional 13,583 shares during the period. Institutional investors own 67.26% of the company’s stock.
A.H. Belo Corp. Company Profile
A. H. Belo Corporation is a local news and information publishing company. The Company is engaged in providing commercial printing, distribution and direct mail services, as well as media and digital marketing services. The Company operates through two segments: Publishing and Marketing, Event Marketing and Other Services (MEMO).
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