Parametric Portfolio Associates LLC Reduces Stock Holdings in RR Donnelley & Sons Co (NYSE:RRD)

Parametric Portfolio Associates LLC reduced its holdings in RR Donnelley & Sons Co (NYSE:RRD) by 51.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 584,531 shares of the business services provider’s stock after selling 624,171 shares during the period. Parametric Portfolio Associates LLC owned about 0.83% of RR Donnelley & Sons worth $1,152,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RRD. Cooper Creek Partners Management LLC boosted its holdings in shares of RR Donnelley & Sons by 45.9% in the 1st quarter. Cooper Creek Partners Management LLC now owns 1,009,948 shares of the business services provider’s stock valued at $4,767,000 after acquiring an additional 317,773 shares during the last quarter. Benefit Street Partners LLC boosted its holdings in shares of RR Donnelley & Sons by 83.9% in the 1st quarter. Benefit Street Partners LLC now owns 149,158 shares of the business services provider’s stock valued at $704,000 after acquiring an additional 68,049 shares during the last quarter. Strs Ohio boosted its holdings in shares of RR Donnelley & Sons by 7.5% in the 2nd quarter. Strs Ohio now owns 131,100 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 9,100 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of RR Donnelley & Sons by 75.5% in the 2nd quarter. Systematic Financial Management LP now owns 387,986 shares of the business services provider’s stock valued at $764,000 after acquiring an additional 166,920 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of RR Donnelley & Sons by 42.8% in the 2nd quarter. SG Americas Securities LLC now owns 102,760 shares of the business services provider’s stock valued at $202,000 after acquiring an additional 30,820 shares during the last quarter. 85.90% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Chatham Asset Management, Llc purchased 650,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $2.20 per share, with a total value of $1,430,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 1,934,000 shares of company stock worth $4,127,960 over the last three months. 1.07% of the stock is currently owned by insiders.

Separately, Zacks Investment Research raised shares of RR Donnelley & Sons from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Thursday, September 12th.

RRD stock opened at $3.92 on Friday. The firm’s fifty day simple moving average is $3.04 and its 200-day simple moving average is $2.94. The company has a market capitalization of $277.54 million, a P/E ratio of 5.60 and a beta of 1.67. RR Donnelley & Sons Co has a 12 month low of $1.67 and a 12 month high of $6.76.

RR Donnelley & Sons (NYSE:RRD) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.12. RR Donnelley & Sons had a negative net margin of 0.07% and a negative return on equity of 23.01%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm earned ($0.09) EPS. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, equities analysts forecast that RR Donnelley & Sons Co will post 0.71 earnings per share for the current year.

About RR Donnelley & Sons

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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

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