Parthenon LLC Purchases 94,482 Shares of A.H. Belo Corp. (AHC)
Parthenon LLC increased its position in shares of A.H. Belo Corp. (NYSE:AHC) by 140.4% during the second quarter, Holdings Channel reports. The firm owned 161,794 shares of the company’s stock after buying an additional 94,482 shares during the period. Parthenon LLC’s holdings in A.H. Belo Corp. were worth $809,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AHC. Punch & Associates Investment Management Inc. raised its stake in A.H. Belo Corp. by 4.7% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,117,620 shares of the company’s stock worth $5,588,000 after buying an additional 50,232 shares during the last quarter. North Star Investment Management Corp. raised its stake in A.H. Belo Corp. by 4.4% in the second quarter. North Star Investment Management Corp. now owns 1,024,252 shares of the company’s stock worth $5,121,000 after buying an additional 43,189 shares during the last quarter. 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 during the last quarter. Finally, 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 during the last quarter. 67.26% of the stock is owned by institutional investors.
A.H. Belo Corp. (NYSE:AHC) traded down 0.14% during mid-day trading on Wednesday, hitting $6.98. The company’s stock had a trading volume of 17,391 shares. A.H. Belo Corp. has a 12-month low of $4.62 and a 12-month high of $7.00. The firm’s 50-day moving average is $6.06 and its 200-day moving average is $5.31. The company’s market cap is $151.30 million.
AHC has been the subject of a number of research analyst reports. Gabelli raised A.H. Belo Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised A.H. Belo Corp. from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a report on Friday, August 5th.
In other A.H. Belo Corp. news, SVP Christine E. Larkin sold 6,511 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Decherd sold 81,140 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $6.03, for a total value of $489,274.20. Following the sale, the director now owns 100,000 shares of the company’s stock, valued at approximately $603,000. The disclosure for this sale can be found here. 14.60% of the stock is owned by corporate insiders.
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).
Want to see what other hedge funds are holding AHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A.H. Belo Corp. (NYSE:AHC).
Receive News & Ratings for A.H. Belo Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.H. Belo Corp. and related companies with MarketBeat.com's FREE daily email newsletter.