Short Interest in A. H. Belo Corp (NYSE:AHC) Declines By 28.7%

A. H. Belo Corp (NYSE:AHC) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 22,900 shares, a decline of 28.7% from the June 30th total of 32,100 shares. Based on an average trading volume of 75,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

In other A. H. Belo news, Director John A. Beckert purchased 15,000 shares of the stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $1.70 per share, with a total value of $25,500.00. Insiders purchased 29,779 shares of company stock valued at $51,150 over the last quarter. 13.00% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Quinn Opportunity Partners LLC raised its position in A. H. Belo by 24.3% in the 1st quarter. Quinn Opportunity Partners LLC now owns 159,632 shares of the company’s stock worth $275,000 after purchasing an additional 31,216 shares during the period. Bank of America Corp DE boosted its stake in shares of A. H. Belo by 6.5% during the fourth quarter. Bank of America Corp DE now owns 148,481 shares of the company’s stock valued at $419,000 after purchasing an additional 9,107 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of A. H. Belo by 22.7% during the first quarter. North Star Investment Management Corp. now owns 822,496 shares of the company’s stock valued at $1,415,000 after purchasing an additional 151,950 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of A. H. Belo by 9.4% during the fourth quarter. Renaissance Technologies LLC now owns 970,954 shares of the company’s stock valued at $2,738,000 after purchasing an additional 83,600 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of A. H. Belo by 1.6% during the first quarter. Wells Fargo & Company MN now owns 2,538,215 shares of the company’s stock valued at $4,366,000 after purchasing an additional 39,192 shares in the last quarter. 58.53% of the stock is owned by institutional investors.

Separately, TheStreet cut shares of A. H. Belo from a “c” rating to a “d” rating in a report on Monday, April 20th.

AHC stock traded down $0.12 on Friday, hitting $1.52. The company had a trading volume of 125,295 shares, compared to its average volume of 27,225. The stock’s 50-day simple moving average is $1.68 and its 200 day simple moving average is $1.97. A. H. Belo has a 12-month low of $1.29 and a 12-month high of $3.83.

A. H. Belo (NYSE:AHC) last announced its earnings results on Friday, June 5th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $40.34 million for the quarter. A. H. Belo had a negative net margin of 6.12% and a negative return on equity of 18.56%.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 10.53%. The ex-dividend date of this dividend is Thursday, August 13th.

A. H. Belo Company Profile

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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