Connor Clark & Lunn Investment Management Ltd. Acquires 9,050 Shares of LSC Communications Inc (LKSD)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of LSC Communications Inc (NYSE:LKSD) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,526 shares of the company’s stock after purchasing an additional 9,050 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in LSC Communications were worth $1,742,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in shares of LSC Communications by 1.9% during the first quarter. Principal Financial Group Inc. now owns 267,433 shares of the company’s stock valued at $4,667,000 after purchasing an additional 4,983 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of LSC Communications during the second quarter valued at $122,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of LSC Communications by 65.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 102,753 shares of the company’s stock valued at $1,609,000 after purchasing an additional 40,820 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of LSC Communications by 19.3% during the second quarter. Wells Fargo & Company MN now owns 578,820 shares of the company’s stock valued at $9,064,000 after purchasing an additional 93,658 shares in the last quarter. Finally, IndexIQ Advisors LLC lifted its holdings in shares of LSC Communications by 5.1% during the second quarter. IndexIQ Advisors LLC now owns 125,353 shares of the company’s stock valued at $1,963,000 after purchasing an additional 6,095 shares in the last quarter. 81.20% of the stock is owned by institutional investors and hedge funds.

LKSD stock opened at $9.46 on Friday. LSC Communications Inc has a fifty-two week low of $7.78 and a fifty-two week high of $18.64. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.98 and a current ratio of 1.27. The stock has a market capitalization of $313.87 million, a price-to-earnings ratio of 4.80, a PEG ratio of -3.24 and a beta of 0.21.

LSC Communications (NYSE:LKSD) last posted its earnings results on Wednesday, October 31st. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.12). LSC Communications had a negative net margin of 1.67% and a positive return on equity of 23.53%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $971.00 million. During the same period in the prior year, the company posted $0.73 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that LSC Communications Inc will post 1.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Thursday, November 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date of this dividend was Wednesday, November 14th. LSC Communications’s dividend payout ratio is 52.79%.

LKSD has been the topic of a number of research analyst reports. Zacks Investment Research raised LSC Communications from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Wednesday, November 7th. Buckingham Research lowered their price target on LSC Communications from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Citigroup lowered their price target on LSC Communications from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Finally, ValuEngine raised LSC Communications from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.40.

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LSC Communications Company Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

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Institutional Ownership by Quarter for LSC Communications (NYSE:LKSD)

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