A. H. Belo (NYSE:AHC) Rating Increased to Buy at ValuEngine

A. H. Belo (NYSE:AHC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, ValuEngine reports.

Separately, TheStreet downgraded A. H. Belo from a “c” rating to a “d+” rating in a research note on Tuesday, March 12th.

AHC opened at $3.62 on Monday. The company has a 50 day simple moving average of $3.77. A. H. Belo has a 12 month low of $3.35 and a 12 month high of $4.80.

A. H. Belo (NYSE:AHC) last released its quarterly earnings data on Monday, April 29th. The company reported ($0.14) earnings per share for the quarter. A. H. Belo had a negative net margin of 2.22% and a negative return on equity of 5.66%. The firm had revenue of $46.59 million during the quarter.

In other A. H. Belo news, Director James M. Moroney III sold 24,542 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $4.01, for a total transaction of $98,413.42. Following the completion of the transaction, the director now owns 282,862 shares of the company’s stock, valued at $1,134,276.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert W. Decherd purchased 143,419 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $4.70 per share, with a total value of $674,069.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 153,944 shares of company stock valued at $714,730 and sold 57,198 shares valued at $229,855. Company insiders own 12.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Penn Capital Management Co. Inc. increased its position in A. H. Belo by 3.5% during the fourth quarter. Penn Capital Management Co. Inc. now owns 322,609 shares of the company’s stock worth $1,087,000 after buying an additional 11,035 shares in the last quarter. Teton Advisors Inc. increased its position in A. H. Belo by 13.1% during the first quarter. Teton Advisors Inc. now owns 130,039 shares of the company’s stock worth $484,000 after buying an additional 15,038 shares in the last quarter. Gamco Investors INC. ET AL increased its position in A. H. Belo by 42.9% during the first quarter. Gamco Investors INC. ET AL now owns 110,000 shares of the company’s stock worth $409,000 after buying an additional 33,000 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in A. H. Belo during the first quarter worth $67,000. 61.40% of the stock is owned by institutional investors.

About A. H. Belo

A.H. Belo Corporation, together with its subsidiaries, operates as a local news and information publishing company primarily in Texas. The company operates through two segments, Publishing and Marketing Services. The Publishing segment publishes The Dallas Morning News, a newspaper; Briefing newspaper; and Al Dia, a Spanish-language newspaper, as well as operates related Websites and applications.

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