UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $891,000 Holdings in Daily Journal Co. (NASDAQ:DJCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Daily Journal Co. (NASDAQ:DJCO) by 9.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,818 shares of the company’s stock after selling 190 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Daily Journal worth $891,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. FMR LLC grew its position in Daily Journal by 23.9% during the 3rd quarter. FMR LLC now owns 202 shares of the company’s stock worth $99,000 after purchasing an additional 39 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Daily Journal during the third quarter valued at $245,000. The Manufacturers Life Insurance Company purchased a new position in shares of Daily Journal during the second quarter valued at $210,000. Principal Financial Group Inc. acquired a new position in Daily Journal during the third quarter valued at $309,000. Finally, AQR Capital Management LLC purchased a new stake in Daily Journal in the 2nd quarter worth about $519,000. Institutional investors and hedge funds own 51.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Daily Journal Trading Up 0.4 %

Shares of NASDAQ:DJCO opened at $548.37 on Friday. The firm has a fifty day moving average of $541.88 and a two-hundred day moving average of $474.43. The company has a quick ratio of 8.58, a current ratio of 8.58 and a debt-to-equity ratio of 0.11. Daily Journal Co. has a 12-month low of $309.22 and a 12-month high of $602.00. The firm has a market capitalization of $755.11 million, a P/E ratio of 16.82 and a beta of 0.94.

Daily Journal Profile

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.