A. H. Belo Co. (AHC) Shares Bought by Teton Advisors Inc.
Teton Advisors Inc. increased its position in A. H. Belo Co. (NYSE:AHC) by 66.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 90,093 shares of the company’s stock after buying an additional 36,000 shares during the quarter. Teton Advisors Inc.’s holdings in A. H. Belo were worth $432,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of AHC. North Star Investment Management Corp. raised its holdings in shares of A. H. Belo by 2.3% in the 4th quarter. North Star Investment Management Corp. now owns 1,271,962 shares of the company’s stock valued at $6,105,000 after purchasing an additional 28,917 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of A. H. Belo by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,512,915 shares of the company’s stock valued at $6,959,000 after purchasing an additional 25,010 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of A. H. Belo by 22.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 110,492 shares of the company’s stock valued at $508,000 after purchasing an additional 20,469 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of A. H. Belo by 0.9% in the 3rd quarter. Wells Fargo & Company MN now owns 2,140,872 shares of the company’s stock valued at $9,848,000 after purchasing an additional 18,177 shares during the period. 57.32% of the stock is currently owned by institutional investors.
Shares of A. H. Belo Co. (NYSE:AHC) opened at $4.90 on Tuesday. The stock has a market cap of $107.68, a PE ratio of 82.50 and a beta of 0.63. A. H. Belo Co. has a fifty-two week low of $4.35 and a fifty-two week high of $6.55.
A. H. Belo announced that its Board of Directors has initiated a share buyback plan on Monday, October 30th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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About A. H. Belo
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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