Mackay Shields LLC Purchases New Position in Quad/Graphics, Inc. (NYSE:QUAD)

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Mackay Shields LLC purchased a new stake in shares of Quad/Graphics, Inc. (NYSE:QUAD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,265 shares of the business services provider’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in QUAD. JPMorgan Chase & Co. increased its position in shares of Quad/Graphics by 157.7% during the second quarter. JPMorgan Chase & Co. now owns 1,613,631 shares of the business services provider’s stock valued at $12,925,000 after acquiring an additional 987,386 shares in the last quarter. Glazer Capital LLC increased its position in shares of Quad/Graphics by 36.1% during the second quarter. Glazer Capital LLC now owns 495,892 shares of the business services provider’s stock valued at $3,923,000 after acquiring an additional 131,609 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Quad/Graphics by 10.1% during the second quarter. Nuveen Asset Management LLC now owns 1,273,661 shares of the business services provider’s stock valued at $10,075,000 after acquiring an additional 117,006 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Quad/Graphics by 2.5% during the second quarter. Vanguard Group Inc. now owns 4,089,807 shares of the business services provider’s stock valued at $32,351,000 after acquiring an additional 98,243 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Quad/Graphics by 28.0% during the second quarter. Bank of America Corp DE now owns 409,462 shares of the business services provider’s stock valued at $3,238,000 after acquiring an additional 89,666 shares in the last quarter. 58.79% of the stock is owned by institutional investors.

NYSE:QUAD opened at $3.89 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.70 and a debt-to-equity ratio of 4.95. Quad/Graphics, Inc. has a 12 month low of $3.86 and a 12 month high of $16.96. The company has a market cap of $224.91 million, a PE ratio of 2.17 and a beta of 1.58. The company has a 50 day simple moving average of $7.96 and a two-hundred day simple moving average of $9.03.

Quad/Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, October 29th. The business services provider reported $0.10 EPS for the quarter. Quad/Graphics had a negative net margin of 4.47% and a positive return on equity of 5.35%. The business had revenue of $943.60 million during the quarter. Research analysts forecast that Quad/Graphics, Inc. will post -0.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 15.42%. The ex-dividend date of this dividend is Friday, November 15th. Quad/Graphics’s dividend payout ratio (DPR) is presently 67.04%.

In related news, CFO David J. Honan bought 10,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $4.58 per share, with a total value of $45,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kelly A. Vanderboom bought 18,287 shares of the business’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $4.22 per share, with a total value of $77,171.14. Following the transaction, the executive vice president now owns 94,823 shares in the company, valued at approximately $400,153.06. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 34,350 shares of company stock valued at $148,260. 10.85% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on the stock. Buckingham Research downgraded shares of Quad/Graphics from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $7.00 in a research report on Wednesday, October 30th. Zacks Investment Research downgraded shares of Quad/Graphics from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. TheStreet downgraded shares of Quad/Graphics from a “c-” rating to a “d+” rating in a research report on Friday, November 1st. Finally, ValuEngine raised shares of Quad/Graphics from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st.

Quad/Graphics Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

See Also: Sell-Side Analysts

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

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