California State Teachers Retirement System Has $961,303 Holdings in Daily Journal Corp. (S.C.) $DJCO

Key Points

• CalSTRS increased its Daily Journal position by 35.1% in the second quarter, holding 1,599 shares worth approximately $961,303. Institutional investors collectively own 51.23% of the company.
• Analyst sentiment remains cautious: Weiss Ratings lowered its rating to “hold (c-),” Wall Street Zen downgraded the stock to “sell,” and the overall consensus rating is “Hold.”
• DJCO shares traded near their 52-week high at $684.69, but the company reported a quarterly loss of $7.90 per share, $26.98 million in revenue, and negative net margins and return on equity.

California State Teachers Retirement System boosted its position in Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) by 35.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,599 shares of the company's stock after acquiring an additional 415 shares during the quarter. California State Teachers Retirement System owned 0.12% of Daily Journal Corp. (S.C.) worth $961,303 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DJCO. Caitong International Asset Management Co. Ltd purchased a new position in shares of Daily Journal Corp. (S.C.) during the fourth quarter worth approximately $55,000. Quantbot Technologies LP purchased a new stake in shares of Daily Journal Corp. (S.C.) in the 2nd quarter worth approximately $58,000. Rockefeller Capital Management L.P. acquired a new stake in Daily Journal Corp. (S.C.) during the 4th quarter worth about $75,000. Strs Ohio lifted its position in shares of Daily Journal Corp. (S.C.) by 100.0% during the 1st quarter. Strs Ohio now owns 200 shares of the company's stock valued at $96,000 after buying an additional 100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Daily Journal Corp. (S.C.) in the 2nd quarter valued at about $209,000. 51.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DJCO shares. Weiss Ratings cut Daily Journal Corp. (S.C.) from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, August 14th. Wall Street Zen cut shares of Daily Journal Corp. (S.C.) from a "hold" rating to a "sell" rating in a research note on Saturday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Daily Journal Corp. (S.C.) Price Performance

NASDAQ DJCO traded up $7.64 on Tuesday, hitting $684.69. 45,570 shares of the company were exchanged, compared to its average volume of 63,605. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06. Daily Journal Corp. has a 1-year low of $348.63 and a 1-year high of $687.80. The firm has a 50 day moving average of $600.43 and a two-hundred day moving average of $547.42. The company has a market cap of $944.87 million, a P/E ratio of -83.24 and a beta of 0.85.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($7.90) earnings per share (EPS) for the quarter. The business had revenue of $26.98 million during the quarter. Daily Journal Corp. (S.C.) had a negative net margin of 11.63% and a negative return on equity of 3.11%.

About Daily Journal Corp. (S.C.)

Daily Journal Corp. (S.C.) is a diversified information-services company that operates through newspaper publishing and software businesses. Its publications focus primarily on legal, business, and public-sector news and information, with operations historically centered in California and Arizona.

The company publishes the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide legal and business news, court coverage, public notices, and related information services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.