A. H. Belo (NYSE:AHC) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of A. H. Belo (NYSE:AHC) from a hold rating to a buy rating in a research note released on Monday, ValuEngine reports.

Separately, TheStreet upgraded SEI Investments from a c+ rating to a b- rating in a research note on Tuesday, March 12th.

NYSE:AHC traded up $0.05 during mid-day trading on Monday, reaching $3.69. 5,851 shares of the stock were exchanged, compared to its average volume of 19,229. The company has a 50 day moving average of $3.76. A. H. Belo has a 1 year low of $3.35 and a 1 year high of $4.80.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 8.67%.

In other A. H. Belo news, Director James M. Moroney III sold 27,256 shares of A. H. Belo stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $4.03, for a total value of $109,841.68. Following the transaction, the director now directly owns 236,164 shares in the company, valued at approximately $951,740.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James M. Moroney III sold 24,542 shares of A. H. Belo stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $4.01, for a total value of $98,413.42. Following the completion of the transaction, the director now owns 282,862 shares in the company, valued at $1,134,276.62. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 153,944 shares of company stock worth $714,730 and sold 56,743 shares worth $228,035. Company insiders own 12.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AHC. Gamco Investors INC. ET AL lifted its holdings in shares of A. H. Belo by 42.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 110,000 shares of the company’s stock valued at $409,000 after buying an additional 33,000 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of A. H. Belo in the 1st quarter valued at approximately $67,000. Teton Advisors Inc. lifted its holdings in shares of A. H. Belo by 13.1% in the 1st quarter. Teton Advisors Inc. now owns 130,039 shares of the company’s stock valued at $484,000 after buying an additional 15,038 shares during the period. Finally, Penn Capital Management Co. Inc. lifted its holdings in shares of A. H. Belo by 3.5% in the 4th quarter. Penn Capital Management Co. Inc. now owns 322,609 shares of the company’s stock valued at $1,087,000 after buying an additional 11,035 shares during the period. 61.40% of the stock is owned by institutional investors and hedge funds.

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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