UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 190 Shares of Daily Journal Co. (NASDAQ:DJCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Daily Journal Co. (NASDAQ:DJCO) by 9.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,818 shares of the company’s stock after selling 190 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Daily Journal were worth $891,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Daily Journal by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 4,924 shares of the company’s stock valued at $1,942,000 after purchasing an additional 324 shares during the period. Legato Capital Management LLC raised its holdings in Daily Journal by 199.9% in the 2nd quarter. Legato Capital Management LLC now owns 6,993 shares of the company’s stock worth $2,759,000 after acquiring an additional 4,661 shares during the period. American Century Companies Inc. lifted its position in Daily Journal by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 1,705 shares of the company’s stock worth $673,000 after acquiring an additional 265 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Daily Journal by 22.9% during the second quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company’s stock valued at $11,455,000 after acquiring an additional 5,413 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Daily Journal by 39.8% in the second quarter. Renaissance Technologies LLC now owns 5,311 shares of the company’s stock valued at $2,095,000 after purchasing an additional 1,511 shares during the last quarter. 51.23% of the stock is currently owned by institutional investors and hedge funds.

Daily Journal Trading Up 0.4 %

Shares of Daily Journal stock opened at $548.37 on Friday. Daily Journal Co. has a 1 year low of $309.22 and a 1 year high of $602.00. The company’s fifty day simple moving average is $541.88 and its 200-day simple moving average is $474.43. The company has a market cap of $755.11 million, a price-to-earnings ratio of 16.82 and a beta of 0.94. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Daily Journal from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd.

About Daily Journal

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.