LSC Communications Inc (NYSE:LKSD) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in LSC Communications Inc (NYSE:LKSD) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,841,059 shares of the company’s stock after buying an additional 75,932 shares during the period. Dimensional Fund Advisors LP owned approximately 5.53% of LSC Communications worth $12,887,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in LSC Communications by 3.4% during the 4th quarter. BlackRock Inc. now owns 4,995,745 shares of the company’s stock worth $34,970,000 after purchasing an additional 163,871 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of LSC Communications by 50.0% in the 4th quarter. Peregrine Capital Management LLC now owns 450,371 shares of the company’s stock valued at $3,153,000 after acquiring an additional 150,048 shares during the last quarter. IndexIQ Advisors LLC lifted its stake in shares of LSC Communications by 161.4% in the 4th quarter. IndexIQ Advisors LLC now owns 340,522 shares of the company’s stock valued at $2,384,000 after purchasing an additional 210,250 shares during the period. Kellner Capital LLC acquired a new position in shares of LSC Communications in the 4th quarter valued at $2,076,000. Finally, Dupont Capital Management Corp acquired a new position in shares of LSC Communications in the 4th quarter valued at $1,923,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:LKSD traded up $0.05 during trading hours on Friday, reaching $6.45. 243,476 shares of the company were exchanged, compared to its average volume of 391,513. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.84 and a current ratio of 1.13. The stock has a market capitalization of $214.46 million, a PE ratio of 5.24 and a beta of 1.39. LSC Communications Inc has a twelve month low of $6.01 and a twelve month high of $16.66.

LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.07). The company had revenue of $845.00 million for the quarter, compared to analyst estimates of $851.40 million. LSC Communications had a positive return on equity of 21.27% and a negative net margin of 3.69%. The business’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. Research analysts forecast that LSC Communications Inc will post 1.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 16.12%. The ex-dividend date of this dividend is Tuesday, May 14th. LSC Communications’s dividend payout ratio (DPR) is 84.55%.

Separately, Zacks Investment Research upgraded shares of LSC Communications from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.65.

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LSC Communications Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.

Further Reading: Calculating net profit and net profit margin ratio

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

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