Los Angeles Capital Management & Equity Research Inc. grew its position in Quad Graphics, Inc (NYSE:QUAD) by 17.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,490 shares of the business services provider’s stock after purchasing an additional 13,330 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.23% of Quad Graphics worth $2,028,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. increased its position in Quad Graphics by 403.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,695 shares of the business services provider’s stock worth $107,000 after purchasing an additional 3,762 shares during the last quarter. Pacad Investment Ltd. increased its position 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 purchasing an additional 3,200 shares during the last quarter. US Bancorp DE increased its position in Quad Graphics by 17.9% in the 1st quarter. US Bancorp DE now owns 4,878 shares of the business services provider’s stock worth $123,000 after purchasing an additional 739 shares during the last quarter. Creative Planning increased its position in Quad Graphics by 17.5% in the 2nd quarter. Creative Planning now owns 6,715 shares of the business services provider’s stock worth $154,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Legal & General Group Plc increased its position 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 purchasing an additional 809 shares during the last quarter. 51.70% of the stock is currently owned by institutional investors.
In related news, Director Douglas P. Buth bought 2,600 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average price of $18.74 per share, with a total value of $48,724.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.05% of the stock is currently owned by insiders.
Shares of Quad Graphics, Inc (QUAD) opened at 19.98 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 12.85 and a beta of 1.38. Quad Graphics, Inc has a 1-year low of $18.16 and a 1-year high of $29.04. The stock’s 50 day moving average price is $19.38 and its 200 day moving average price is $22.74.
Quad Graphics (NYSE:QUAD) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The business had revenue of $963.20 million for 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%. Quad Graphics’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. Equities research analysts forecast that Quad Graphics, Inc will post $1.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Thursday, August 17th. Quad Graphics’s dividend payout ratio is currently 76.43%.
TRADEMARK VIOLATION NOTICE: “Los Angeles Capital Management & Equity Research Inc. Raises Holdings in Quad Graphics, Inc (QUAD)” was first published by Equities Focus and is owned by of Equities Focus. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.equitiesfocus.com/2017/09/17/los-angeles-capital-management-equity-research-inc-raises-holdings-in-quad-graphics-inc-quad.html.
Several research analysts have weighed in on the company. TheStreet lowered Quad Graphics from a “b-” rating to a “c+” rating in a research report on Friday, August 4th. BidaskClub downgraded Quad Graphics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
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.
Want to see what other hedge funds are holding QUAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quad Graphics, Inc (NYSE:QUAD).
Receive News & Ratings for Quad Graphics Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quad Graphics Inc and related companies with MarketBeat.com's FREE daily email newsletter.