Panagora Asset Management Inc. Trims Holdings in Quad/Graphics, Inc. (NYSE:QUAD)

Panagora Asset Management Inc. decreased its stake in shares of Quad/Graphics, Inc. (NYSE:QUAD) by 52.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 57,768 shares of the business services provider’s stock after selling 64,877 shares during the quarter. Panagora Asset Management Inc.’s holdings in Quad/Graphics were worth $457,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in QUAD. JPMorgan Chase & Co. lifted its position in Quad/Graphics by 157.7% during the second quarter. JPMorgan Chase & Co. now owns 1,613,631 shares of the business services provider’s stock worth $12,925,000 after buying an additional 987,386 shares in the last quarter. Weiss Asset Management LP purchased a new position in Quad/Graphics during the first quarter worth approximately $2,656,000. Dimensional Fund Advisors LP lifted its position in Quad/Graphics by 10.6% during 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 buying an additional 186,614 shares in the last quarter. Deutsche Bank AG lifted its position in Quad/Graphics by 102.1% during the fourth quarter. Deutsche Bank AG now owns 276,609 shares of the business services provider’s stock worth $3,405,000 after buying an additional 139,731 shares in the last quarter. Finally, Advisor Group Inc. lifted its position in Quad/Graphics by 644.5% during the second quarter. Advisor Group Inc. now owns 63,321 shares of the business services provider’s stock worth $501,000 after buying an additional 54,816 shares in the last quarter. Hedge funds and other institutional investors own 60.13% of the company’s stock.

In other news, Director John C. Fowler sold 10,000 shares of Quad/Graphics stock in a transaction on Monday, August 5th. The stock was sold at an average price of $11.19, for a total value of $111,900.00. Following the completion of the sale, the director now directly owns 117,587 shares of the company’s stock, valued at $1,315,798.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn Quadracci Flores sold 4,974 shares of Quad/Graphics stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.67, for a total value of $53,072.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,074 shares of company stock valued at $189,186. 10.85% of the stock is owned by insiders.

QUAD stock traded down $0.10 during midday trading on Friday, hitting $9.10. 345,668 shares of the company’s stock were exchanged, compared to its average volume of 783,552. The business has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $10.83. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $480.94 million, a PE ratio of 5.08 and a beta of 1.67. Quad/Graphics, Inc. has a 1-year low of $7.22 and a 1-year high of $23.83.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 19th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.20 annualized dividend and a yield of 13.19%. Quad/Graphics’s dividend payout ratio (DPR) is 67.04%.

A number of brokerages recently commented on QUAD. Zacks Investment Research upgraded Quad/Graphics from a “sell” rating to a “hold” rating in a research report on Thursday. Buckingham Research cut their target price on Quad/Graphics from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, ValuEngine raised Quad/Graphics from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st.

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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