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 upgraded A.H. Belo Corp. from a hold rating to a buy rating in a research report on Wednesday, August 3rd.
A.H. Belo Corp. (NYSE:AHC) traded up 0.82% on Tuesday, reaching $7.39. 5,042 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $6.52 and a 200 day moving average price of $5.44. A.H. Belo Corp. has a one year low of $4.68 and a one year high of $7.95. The firm’s market cap is $160.19 million.
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 sale was disclosed in a document filed with the SEC, which is available at 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 in the company, valued at approximately $603,000. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Penbrook Management LLC acquired a new position in shares of A.H. Belo Corp. during the second quarter worth about $183,000. Jacobs Levy Equity Management Inc. raised its position in shares of 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 during the period. Bridgeway Capital Management Inc. raised its position in shares of 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 worth $498,000 after buying an additional 24,900 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of A.H. Belo Corp. during the second quarter worth about $680,000. Finally, Bank of New York Mellon Corp raised its position in shares of 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 worth $763,000 after buying an additional 13,583 shares during the period. Hedge funds and other institutional investors 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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