Geode Capital Management LLC Cuts Stock Holdings in Daily Journal Co. (NASDAQ:DJCO)

Geode Capital Management LLC decreased its position in shares of Daily Journal Co. (NASDAQ:DJCO) by 0.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 27,541 shares of the company’s stock after selling 209 shares during the period. Geode Capital Management LLC’s holdings in Daily Journal were worth $13,500,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Daily Journal by 23.9% during the third quarter. FMR LLC now owns 202 shares of the company’s stock valued at $99,000 after buying an additional 39 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Daily Journal during the second quarter valued at approximately $210,000. SG Americas Securities LLC purchased a new stake in shares of Daily Journal during the third quarter valued at approximately $245,000. Principal Financial Group Inc. purchased a new stake in shares of Daily Journal during the third quarter valued at approximately $309,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Daily Journal during the second quarter valued at approximately $519,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Trading Down 0.4 %

Shares of DJCO stock opened at $556.05 on Tuesday. Daily Journal Co. has a 12-month low of $309.22 and a 12-month high of $602.00. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $552.67 and its 200 day moving average is $485.41. The stock has a market capitalization of $765.68 million, a P/E ratio of 17.06 and a beta of 0.94.

Daily Journal Company 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.