Quad/Graphics, Inc. (NYSE:QUAD) Sees Large Decline in Short Interest

Quad/Graphics, Inc. (NYSE:QUAD) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,394,800 shares, a decrease of 11.7% from the July 31st total of 4,979,400 shares. Based on an average daily trading volume, of 626,800 shares, the short-interest ratio is currently 7.0 days. Currently, 13.9% of the company’s stock are short sold.

Shares of QUAD stock traded up $0.11 during trading hours on Friday, hitting $11.11. 322,000 shares of the company were exchanged, compared to its average volume of 511,854. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.72 and a current ratio of 1.06. Quad/Graphics has a one year low of $7.22 and a one year high of $22.36. The business’s 50-day simple moving average is $9.67 and its two-hundred day simple moving average is $10.33. The stock has a market capitalization of $567.59 million, a price-to-earnings ratio of 6.21 and a beta of 1.72.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.08. Quad/Graphics had a negative net margin of 0.82% and a positive return on equity of 8.55%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, analysts anticipate that Quad/Graphics will post 0.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 19th were issued a $0.30 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.80%. Quad/Graphics’s dividend payout ratio is currently 67.04%.

QUAD has been the topic of several research analyst reports. Buckingham Research reduced their price target on shares of Quad/Graphics from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Zacks Investment Research raised shares of Quad/Graphics from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine raised shares of Quad/Graphics from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st.

In other news, Director Kathryn Quadracci Flores sold 4,974 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.67, for a total transaction of $53,072.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Fowler sold 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $11.19, for a total transaction of $111,900.00. Following the transaction, the director now directly owns 117,587 shares in the company, valued at approximately $1,315,798.53. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,074 shares of company stock valued at $189,186. 10.85% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of QUAD. JPMorgan Chase & Co. lifted its holdings in Quad/Graphics by 157.7% in the second quarter. JPMorgan Chase & Co. now owns 1,613,631 shares of the business services provider’s stock worth $12,925,000 after acquiring an additional 987,386 shares during the last quarter. Weiss Asset Management LP bought a new position in Quad/Graphics in the first quarter worth about $2,656,000. Dimensional Fund Advisors LP lifted its holdings in Quad/Graphics by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,953,638 shares of the business services provider’s stock worth $24,069,000 after acquiring an additional 186,614 shares during the last quarter. Glazer Capital LLC lifted its holdings in Quad/Graphics by 36.1% in the second quarter. Glazer Capital LLC now owns 495,892 shares of the business services provider’s stock worth $3,923,000 after acquiring an additional 131,609 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Quad/Graphics by 10.1% in the second quarter. Nuveen Asset Management LLC now owns 1,273,661 shares of the business services provider’s stock worth $10,075,000 after acquiring an additional 117,006 shares during the last quarter. 58.99% of the stock is currently owned by hedge funds and other institutional investors.

About Quad/Graphics

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.

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