Capstone Asset Management Co. Boosts Stake in LSC Communications Inc (NASDAQ:LKSD)
Capstone Asset Management Co. increased its stake in LSC Communications Inc (NASDAQ:LKSD) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,953 shares of the company’s stock after buying an additional 656 shares during the period. Capstone Asset Management Co.’s holdings in LSC Communications were worth $341,000 as of its most recent filing with the SEC.
Separately, Nuveen Asset Management LLC increased its position in shares of LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock valued at $21,252,000 after buying an additional 404,126 shares in the last quarter.
Shares of LSC Communications Inc (LKSD) traded down 0.42% on Thursday, hitting $16.49. The company had a trading volume of 187,170 shares. The stock has a market cap of $575.35 million and a PE ratio of 10.84. LSC Communications Inc has a 12 month low of $15.07 and a 12 month high of $37.40. The company has a 50-day moving average of $20.54 and a 200 day moving average of $23.41.
LSC Communications (NASDAQ:LKSD) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.09. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The firm had revenue of $848 million for the quarter, compared to the consensus estimate of $876.38 million. LSC Communications’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts anticipate that LSC Communications Inc will post $2.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.04%. The ex-dividend date is Friday, August 11th.
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Several brokerages recently issued reports on LKSD. Zacks Investment Research upgraded LSC Communications from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Bank of America Corporation began coverage on LSC Communications in a research report on Wednesday, May 24th. They set a “neutral” rating and a $24.00 price objective for the company. J P Morgan Chase & Co began coverage on LSC Communications in a research report on Friday, July 21st. They set a “neutral” rating for the company. Finally, Citigroup Inc. began coverage on LSC Communications in a research report on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. LSC Communications currently has an average rating of “Hold” and an average target price of $24.00.
In other news, Director Shivan S. Subramaniam purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average cost of $17.18 per share, with a total value of $85,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
About LSC Communications
LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.
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