RR Donnelley & Sons Co (RRD) Position Boosted by BlueMountain Capital Management LLC

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BlueMountain Capital Management LLC increased its stake in shares of RR Donnelley & Sons Co (NYSE:RRD) by 196.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,196 shares of the business services provider’s stock after acquiring an additional 50,506 shares during the quarter. BlueMountain Capital Management LLC owned about 0.11% of RR Donnelley & Sons worth $439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RRD. Towle & Co. boosted its holdings in shares of RR Donnelley & Sons by 32.1% in the second quarter. Towle & Co. now owns 5,755,856 shares of the business services provider’s stock valued at $33,154,000 after acquiring an additional 1,398,106 shares in the last quarter. BlackRock Inc. boosted its holdings in RR Donnelley & Sons by 13.1% during the second quarter. BlackRock Inc. now owns 10,767,877 shares of the business services provider’s stock worth $62,023,000 after buying an additional 1,250,568 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in RR Donnelley & Sons during the second quarter worth about $4,454,000. Millennium Management LLC boosted its holdings in RR Donnelley & Sons by 279.8% during the first quarter. Millennium Management LLC now owns 799,078 shares of the business services provider’s stock worth $6,976,000 after buying an additional 588,656 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in RR Donnelley & Sons by 150.0% during the first quarter. JPMorgan Chase & Co. now owns 551,990 shares of the business services provider’s stock worth $4,818,000 after buying an additional 331,196 shares in the last quarter. Institutional investors own 82.07% of the company’s stock.

Shares of NYSE:RRD traded up $0.12 during trading on Friday, reaching $4.34. The stock had a trading volume of 1,221,867 shares, compared to its average volume of 1,031,345. The company has a debt-to-equity ratio of -8.22, a current ratio of 1.48 and a quick ratio of 1.25. The firm has a market cap of $380.16 million, a PE ratio of 3.62 and a beta of 1.13. RR Donnelley & Sons Co has a fifty-two week low of $4.08 and a fifty-two week high of $10.37.

RR Donnelley & Sons (NYSE:RRD) last posted its quarterly earnings data on Wednesday, August 1st. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.64 billion. RR Donnelley & Sons had a negative net margin of 1.18% and a negative return on equity of 32.28%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. As a group, sell-side analysts expect that RR Donnelley & Sons Co will post 0.95 earnings per share for the current fiscal year.

In related news, EVP Kenneth E. O’brien purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average price of $5.22 per share, with a total value of $104,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

A number of analysts recently commented on RRD shares. ValuEngine downgraded shares of RR Donnelley & Sons from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Buckingham Research raised shares of RR Donnelley & Sons from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $6.00 to $8.00 in a report on Tuesday, September 4th.

RR Donnelley & Sons Company Profile

R.R. Donnelley & Sons Company, an integrated communications company, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The company operates through Variable Print, Strategic Services, and International segments. It offers commercial and digital print, direct mail, statement printing, logistics, sourcing, and digital and creative services, as well as produces and sells labels, forms, educational testing materials, inserts, and books.

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Institutional Ownership by Quarter for RR Donnelley & Sons (NYSE:RRD)

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