Shares of A.H. Belo Corp. (NYSE:AHC) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also assigned A.H. Belo Corp. an industry rank of 205 out of 265 based on the ratings given to related companies.
Several analysts have issued reports on AHC shares. Gabelli upgraded shares of A.H. Belo Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of A.H. Belo Corp. from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research report on Friday, August 5th.
Shares of A.H. Belo Corp. (NYSE:AHC) opened at 7.29 on Wednesday. The company’s market capitalization is $158.02 million. A.H. Belo Corp. has a 12 month low of $4.75 and a 12 month high of $7.95. The company has a 50-day moving average price of $6.65 and a 200-day moving average price of $5.48.
In other A.H. Belo Corp. news, Director Robert W. Decherd sold 81,140 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $6.03, for a total transaction of $489,274.20. Following the completion of the sale, the director now directly owns 100,000 shares in the company, valued at $603,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Christine E. Larkin sold 6,511 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $5.82, for a total transaction of $37,894.02. The disclosure for this sale can be found here. Company insiders own 14.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Penbrook Management LLC acquired a new stake in A.H. Belo Corp. during the second quarter valued at about $183,000. Parthenon LLC raised its stake in A.H. Belo Corp. by 140.4% in the second quarter. Parthenon LLC now owns 161,794 shares of the company’s stock worth $809,000 after buying an additional 94,482 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake 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 worth $201,000 after buying an additional 29,900 shares in the last quarter. Minerva Advisors LLC raised its stake in A.H. Belo Corp. by 1.7% in the second quarter. Minerva Advisors LLC now owns 835,475 shares of the company’s stock worth $4,177,000 after buying an additional 13,585 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in A.H. Belo Corp. by 0.4% in the first quarter. Renaissance Technologies LLC now owns 530,500 shares of the company’s stock worth $2,552,000 after buying an additional 1,997 shares in the last quarter. Institutional investors and hedge funds own 67.26% of the company’s stock.
About A.H. Belo Corp.
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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