Citigroup Inc. Has $292,000 Position in Quad/Graphics, Inc. (NYSE:QUAD)

Citigroup Inc. grew its position in shares of Quad/Graphics, Inc. (NYSE:QUAD) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,622 shares of the business services provider’s stock after acquiring an additional 2,618 shares during the quarter. Citigroup Inc.’s holdings in Quad/Graphics were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Matarin Capital Management LLC bought a new stake in Quad/Graphics during the third quarter worth $8,595,000. LSV Asset Management boosted its position in Quad/Graphics by 29.9% in the fourth quarter. LSV Asset Management now owns 1,591,758 shares of the business services provider’s stock worth $19,610,000 after purchasing an additional 366,206 shares during the last quarter. Water Island Capital LLC purchased a new position in Quad/Graphics in the fourth quarter worth $2,378,000. BlackRock Inc. boosted its position in Quad/Graphics by 7.8% in the fourth quarter. BlackRock Inc. now owns 2,263,708 shares of the business services provider’s stock worth $27,890,000 after purchasing an additional 163,714 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Quad/Graphics by 8.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,767,024 shares of the business services provider’s stock worth $36,825,000 after purchasing an additional 134,260 shares during the last quarter. Hedge funds and other institutional investors own 57.33% of the company’s stock.

QUAD traded up $0.03 during trading on Friday, reaching $12.64. 508,014 shares of the company were exchanged, compared to its average volume of 380,569. The stock has a market capitalization of $656.40 million, a price-to-earnings ratio of 7.06 and a beta of 1.62. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.76 and a current ratio of 1.11. Quad/Graphics, Inc. has a 12-month low of $10.91 and a 12-month high of $26.30.

Quad/Graphics (NYSE:QUAD) last announced its earnings results on Tuesday, February 19th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Quad/Graphics had a return on equity of 18.03% and a net margin of 0.20%. Quad/Graphics’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, research analysts forecast that Quad/Graphics, Inc. will post 1.19 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. TheStreet cut Quad/Graphics from a “b-” rating to a “c+” rating in a research report on Thursday, January 3rd. ValuEngine cut Quad/Graphics from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, Zacks Investment Research cut Quad/Graphics from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.50.

In other Quad/Graphics news, insider Eric N. Ashworth sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $13.14, for a total value of $197,100.00. Following the transaction, the insider now directly owns 120,345 shares in the company, valued at approximately $1,581,333.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.70% of the stock is owned by corporate insiders.

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Quad/Graphics Company Profile

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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Institutional Ownership by Quarter for Quad/Graphics (NYSE:QUAD)

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