Quad Graphics, Inc (QUAD) Stake Cut by Acadian Asset Management LLC
Acadian Asset Management LLC reduced its position in Quad Graphics, Inc (NYSE:QUAD) by 75.0% during the second quarter, Holdings Channel reports. The firm owned 14,893 shares of the business services provider’s stock after selling 44,653 shares during the period. Acadian Asset Management LLC’s holdings in Quad Graphics were worth $341,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in QUAD. Norges Bank bought a new stake in Quad Graphics during the fourth quarter worth approximately $3,625,000. Teachers Advisors LLC boosted its stake in shares of Quad Graphics by 61.7% in the fourth quarter. Teachers Advisors LLC now owns 112,857 shares of the business services provider’s stock valued at $3,034,000 after buying an additional 43,079 shares during the last quarter. Creative Planning boosted its stake in shares of Quad Graphics by 35.6% in the first quarter. Creative Planning now owns 5,715 shares of the business services provider’s stock valued at $144,000 after buying an additional 1,500 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Quad Graphics by 389.9% in the first quarter. Bank of Montreal Can now owns 85,500 shares of the business services provider’s stock valued at $2,158,000 after buying an additional 114,994 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of Quad Graphics during the first quarter valued at approximately $1,837,000. Institutional investors own 52.78% of the company’s stock.
Shares of Quad Graphics, Inc (NYSE QUAD) traded down 1.55% during mid-day trading on Tuesday, reaching $19.03. 130,555 shares of the company’s stock traded hands. The firm has a market cap of $990.34 million, a price-to-earnings ratio of 12.24 and a beta of 1.39. Quad Graphics, Inc has a one year low of $18.16 and a one year high of $29.50. The firm’s 50-day moving average is $21.85 and its 200 day moving average is $23.88.
Quad Graphics (NYSE:QUAD) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. The business had revenue of $963.20 million during the quarter, compared to the consensus estimate of $985.85 million. Quad Graphics had a return on equity of 22.79% and a net margin of 1.92%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. Analysts predict that Quad Graphics, Inc will post $1.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Thursday, August 17th. Quad Graphics’s payout ratio is currently 76.43%.
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Several analysts have commented on QUAD shares. BidaskClub upgraded shares of Quad Graphics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. TheStreet cut shares of Quad Graphics from a “b-” rating to a “c+” rating in a research note on Friday, August 4th.
In other news, Director Kathryn Quadracci Flores sold 115,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $22.42, for a total value of $2,578,300.00. Following the completion of the sale, the director now directly owns 166,241 shares of the company’s stock, valued at $3,727,123.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas P. Buth acquired 2,600 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was purchased at an average cost of $18.74 per share, with a total value of $48,724.00. The disclosure for this purchase can be found here. 9.28% of the stock is currently owned by corporate insiders.
About Quad Graphics
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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