Elm Ridge Management LLC lowered its holdings in shares of Quad/Graphics, Inc. (NYSE:QUAD) by 36.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,843 shares of the business services provider’s stock after selling 61,400 shares during the period. Quad/Graphics comprises about 1.0% of Elm Ridge Management LLC’s investment portfolio, making the stock its 26th biggest position. Elm Ridge Management LLC owned 0.21% of Quad/Graphics worth $2,438,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Pacad Investment Ltd. grew its holdings in Quad/Graphics by 160.0% in the 2nd quarter. Pacad Investment Ltd. now owns 5,200 shares of the business services provider’s stock worth $119,000 after acquiring an additional 3,200 shares during the last quarter. Legal & General Group Plc grew its holdings in Quad/Graphics by 11.5% in the 2nd quarter. Legal & General Group Plc now owns 7,852 shares of the business services provider’s stock worth $180,000 after acquiring an additional 809 shares during the last quarter. Quantbot Technologies LP grew its holdings in Quad/Graphics by 639.5% in the 2nd quarter. Quantbot Technologies LP now owns 8,527 shares of the business services provider’s stock worth $195,000 after acquiring an additional 7,374 shares during the last quarter. Schroder Investment Management Group grew its holdings in Quad/Graphics by 11.8% in the 2nd quarter. Schroder Investment Management Group now owns 10,247 shares of the business services provider’s stock worth $233,000 after acquiring an additional 1,081 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Quad/Graphics by 4.4% in the 2nd quarter. HighTower Advisors LLC now owns 10,444 shares of the business services provider’s stock worth $241,000 after acquiring an additional 444 shares during the last quarter. 49.74% of the stock is currently owned by institutional investors.

In other news, COO Thomas J. Frankowski sold 28,518 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $21.63, for a total value of $616,844.34. Following the completion of the sale, the chief operating officer now directly owns 220,489 shares of the company’s stock, valued at approximately $4,769,177.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathryn Quadracci Flores sold 66,107 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $21.86, for a total transaction of $1,445,099.02. Following the completion of the sale, the director now directly owns 69,081 shares of the company’s stock, valued at $1,510,110.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,625 shares of company stock valued at $2,910,583. Corporate insiders own 12.05% of the company’s stock.

Quad/Graphics, Inc. (NYSE QUAD) traded down $0.03 during trading hours on Thursday, hitting $22.69. 115,400 shares of the stock traded hands, compared to its average volume of 259,866. Quad/Graphics, Inc. has a 12-month low of $18.16 and a 12-month high of $29.04. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.82 and a current ratio of 1.24. The stock has a market cap of $1,177.81, a PE ratio of 11.65 and a beta of 1.47.

Quad/Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Quad/Graphics had a net margin of 2.15% and a return on equity of 21.87%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $0.48 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.20 annualized dividend and a dividend yield of 5.29%. Quad/Graphics’s dividend payout ratio is 69.36%.

QUAD has been the topic of a number of recent analyst reports. TheStreet raised shares of Quad/Graphics from a “c” rating to a “b-” rating in a report on Tuesday, October 31st. BidaskClub raised shares of Quad/Graphics from a “sell” rating to a “hold” rating in a report on Thursday, September 28th.

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Quad/Graphics Company Profile

Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.

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Institutional Ownership by Quarter for Quad/Graphics (NYSE:QUAD)

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