StockNews.com Downgrades Value Line (NASDAQ:VALU) to Hold

Value Line (NASDAQ:VALUGet Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

NASDAQ:VALU traded down $1.16 during mid-day trading on Thursday, reaching $56.42. 3,997 shares of the company’s stock traded hands, compared to its average volume of 14,404. The company has a 50 day moving average price of $67.75 and a 200-day moving average price of $61.25. The firm has a market capitalization of $537.23 million, a price-to-earnings ratio of 20.59 and a beta of -0.06. Value Line has a 12-month low of $29.54 and a 12-month high of $91.72.

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in shares of Value Line by 4.9% during the third quarter. Renaissance Technologies LLC now owns 11,120 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 520 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of Value Line in the 4th quarter worth approximately $28,000. Allspring Global Investments Holdings LLC bought a new position in Value Line during the 4th quarter valued at approximately $99,000. Auxier Asset Management purchased a new position in Value Line during the fourth quarter valued at $203,000. Finally, Strs Ohio boosted its holdings in Value Line by 343.5% in the first quarter. Strs Ohio now owns 10,200 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 7,900 shares in the last quarter. 7.50% of the stock is owned by institutional investors and hedge funds.

Value Line Company Profile (Get Rating)

Value Line, Inc, together with its subsidiaries, produces and sells investment periodicals and related publications primarily in the United States. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options.

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